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TurboTax Bug Related to 401k Excess Deferral
In 2019 I withdrew excess funds from my 401k because of over funding in 2018. I accounted for the full deferral on my taxes last year.
I have a 2019 1099-R. I lost $220 in value when removing these excess funds from my 401k. For some reason TurboTax keeps saying that I have reported gains and will need to amend last year's taxes. Is this a bug and/or default message users always get?
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ā€ˇFebruary 28, 2020
2:38 PM