Hi Turbotax expert,
I asked the tax payer why there is a difference of $6.37 between Box 1 and sum of Box 2a and Box 5 in my 1099-R form. The payer say the form is correct. Their explanation is that Box 5 is only for Roth contribution. The $6.37 is not included in the Box 5 because it as transferred to my Traditional IRA (Indeed, I confirmed that amount was transferred into my Traditional IRA). The explanation is reasonable to me.
The issue here is that it seems Turbotax is not able to accept or process this case where Box 1 and sum of Box 2a and Box 5 and thus calculated a wrong taxable amount of $188.00, rather than accept the correct amount $90.88 in Box 2a. How should I file my tax return to make Turbotax understand this situation and accept the correct taxable amount as in Box 2a?
Thanks!
