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The taxable amount coming from my 1099-Ret is incorrect. Box 1 is for my Gross Distribution while Box 2 is for my Taxable Income. In the end I am being taxed on Box 1
I have tried competitors software and I get the result I expected. This error came to light because my distributions and expenses haven't materially changed from 2018, yet my taxes went from a refund to a substantial payment. When I change the Gross Distribution in Box 1 to the taxable amount (Box 2a), it results in the proper taxes due. Am I missing something here, or has anyone else had this issue? I have used TurboTax for several years but I can't use it with this mistake.
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‎January 31, 2020
10:24 AM