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@VolvoGirl    The user provided a link to the solution.   Root cause, was a 10 cent entry error.    The OP's rounding of the $$ amounts in the above question was not detailed enough .....BUT, it was also true that the TTX software didn't flag the 10cent error...which resulted in the entire $320 not showing up on one of the correct lines of the 1099-R Summary worksheet, where it apparently needed to show up..

See this TurboTax support FAQ for amending a prior year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=ld1n99kr   To enter a Schedule K-1 Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Business Items (Business Investment and Estate/Trust Income using Home and Business) On Schedule K-1, Q, click on the start or update button

I posted this issue originally in the wrong discussion forum (https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-taxable-amount-rolled-over-for-1099-r-not-calculated-correctly-by-turbo-tax-2024/01/3675604/highlight/false).  However, I got replies recently and it has been root caused.

Hi, @SteamTrain:   You are amazing! Yes, that was the exact cause. Box 1 should be entered as $51749.60 instead of $51749.50. I missed that small error. I thought Turbo Tax rounds the numbers, so the cents wouldn't matter esp. if they rounded up to be the same. But as you suspected, the $0.10 difference must have triggered a hidden issue in TurboTax. The issue probably was there last year, but my entries with other correct 1099-R numbers didn't trigger it.  If Turbo Tax could add a change to alert user of such discrepancies for the user to catch and correct the data error, it would be nice. (c.c. @DanaB27 ) Thank you very much for investigating this issue!  Although I have already filed my tax by mail as I don't know when this issue would be resolved, I am so glad to know the cause! Next year, I can avoid a similar issue and hopefully be able to eFile again. JoAnn  

Your Section 179 deduction cannot exceed your net business income. When you have more Section 179 than income, the disallowed deduction is carried over to the next year. Only a business loss created by business expenses other than depreciation may offset W-2 income.

Sounds like you are on the Advantage auto renew plan?  This year they stopped sending the CD.  It’s download only.   If you are an Advantage subscriber sign onto your Advantage account to download https://accounts-tax.intuit.com/turbotaxadvantage

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