My husband receives monthly (i.e., periodic) payments from the Wisconsin Retirement System (a Qualified Plan). He has since 2020. For every year of those payments, the Gross Distribution amount (Box ...
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My husband receives monthly (i.e., periodic) payments from the Wisconsin Retirement System (a Qualified Plan). He has since 2020. For every year of those payments, the Gross Distribution amount (Box 1) does not match the Box 2a Taxable amount due to an entry in Box 5 Employee Contributions. That is always a very small amount, less that $25 dollars. Box 2a & Box 5 added together match Box 1. There are no checkmarks for either entry in Box 2b. Starting this year, TurboTax asks why Box 1and Box 2a don't match, asks how it was calculated and how long have you been receiving these funds. It never did this before. Because of this, I'm truly ready to discontinue use of Turbo Tax for good and use a CPA. What is so different this year?