turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

wonderpup2
Returning Member

401k distribution shows a higher amount than what was distributed.

Turbo Tax is putting a higher amount on line 5b than what is listed in 5a.. the amount in 5a is what is reflected on my 1099R.. However, deleting and manually entering it does not change Turbo Tax from increasing the amount on line 5b. How does Turbo Tax calculate that cost?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
dmertz
Level 15

401k distribution shows a higher amount than what was distributed.

Have you entered any Forms 1099-R that have an amount in box 2a that is greater than the amount in box 1?

wonderpup2
Returning Member

401k distribution shows a higher amount than what was distributed.

No. Those numbers are identical when I entered them. I have also noticed going through back taxes. They did the same thing. Making 5b higher than 5a.. I have been using TurboTax for about 10 years now. Didn't think I would have to go check their math until I noticed it this year. Something is causing 5b higher. I can't find where TurboTax does the worksheet either.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question