zbaba4
New Member

Retirement tax questions

I've been struggling with this issue for 3 days (and 3 calls to TT) and just found this discussion. Most have figured out how TT might have messed it up, but like others I am ready to file so I want my 1040 to look right. To do that just uncheck the box 7  (IRA/SEP?SIMPLE) on the IRA 1099R data entry or import. Then the 1040 looks right. The IRS only has your 1099R from your IRA manager,, not the TT data entry,  so thats OK.

But in order to prove to skeptical (or less knowledgeable) TT support that there really is a problem, I created a 1099R for an IRA, box 7 checked, and made the gross amount different from the taxable amount. Form 1040 picks up the gross amount in box 4b, clearly a real error regardless of interpretation of IRA instructions.