Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 15, 2021 1:50:10 PM

Has Intuit fixed the 2020 Inherited IRA Distribution error does anyone know?

TurboTax is not including the full amount of an Inherited IRA distribution in my AGI. It is plainly incorrect. I suspect if it try to efile the IRS will kick it back like some other community members posts.

My 1099-R data and questions related are entered correctly, twice and three times.

In 2020 I took a covid distribution from a Traditional IRA and a distribution from an Inherited IRA. "ROLLOVER" appears in the notes on line 4a, but only a small portion of the distribution appears in the number column.  The number appears to coincide with the amount of the RMD (which I had initially attempted to enter in the 1099-R dialog but have since given up on and checked RMD not required for 2020 as was suggested in one comment.

TurboTax has this wrong. Why doesn't the software (online - Deluxe) say so during Review?

0 1 214
1 Replies
New Member
Mar 18, 2021 6:06:47 AM

It has been fixed apparently. See/search related threads on inherited IRA distributions and the IRS rejecting returns.