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taxable income reported on 1099R not picked up correctly on 2019 Form 1040
Has anyone in the Community or at TurboTax identified a problem with how taxable income input from Box 2a of a 2019 Form 1099R is being doubled up on Form 1040? In my case, the 1099R reports $24,062.52 of taxable amount. Something happening with TurboTax software converts this (doubles it) to $48,126 of income on 2019 Form 1040. If I input $1 in Box 2a of Form 1099R as a test, the program doubles that amount to $2 of taxable income on 2019 Form 1040. Seems to me a program fix is in order.
‎January 21, 2020
7:58 AM