IRA withdrawal taxable amount should be 2310.00 (line 4b on n1040) Turbo Tax Home & Business posted it on line 4b as 4620.00 - why is it posted double the correct amount

Forum|Forum|2 years ago
January 20, 2024
6 replies
35 views

Correctly entered my 1099-R listing distribution as 2310.00 and taxable amount as 2310.00 Tax form 1040 shows taxable amount as double the amount 4620.00 How do I correct this situation?

TurboTax Online

DoninGA

Level 15

Delete the Form 1099-R and re-enter manually.

But after deleting the Form 1099-R and before re-entering check your Form 1040 on line 4b to make sure that there is no amount entered.

BruceD11Author

Level 2

I did the delete and 1040 showed "0" Taxable - then entered manually with same 4620.00 taxable. Is it a defect in the software?

DoninGA

Level 15

Which TurboTax program and edition are you using?

IRA withdrawal taxable amount should be 2310.00 (line 4b on n1040) Turbo Tax Home & Business posted it on line 4b as 4620.00 - why is it posted double the correct amount

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