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?
posted
last updated
March 15, 2021
1:50 PM