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Retirement tax questions
I found a similar issue with the Form 5329-T. I have 2 different 1099-R forms, but only one of the 2 was included in the "Distributions:" box as opposed to the sum of the 2 1099-Rs. This caused the Turbo Tax software to imply that I didn't take out the RMD and, therefore, implied that I owed taxes in excess of $7k. I tried to get in touch with someone at Turbo Tax, waited 3 hours for a 45 minute wait notice on my callback, and finally just gave up. I then found that I could override the "Distribution:" entry with the correct entry on the actual Form and got a tax refund. Only problem now is that Turbo Tax won't let me e-file because of the change to the form that I made.
Thursday