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Swimpro1213
Returning Member

I did my return and it showed I owe $1500 on my IRA distribution. I have since updated Turbo tax, and now I owe $149! what happend???

 
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2 Replies

I did my return and it showed I owe $1500 on my IRA distribution. I have since updated Turbo tax, and now I owe $149! what happend???

Always print a copy of your completed tax return for your records, and review it carefully before e-Filing.
You will need it if you are audited by the IRS, or to amend if a TurboTax update changes your return or for any other reason,

AND, to find your AGI next year.

Swimpro1213
Returning Member

I did my return and it showed I owe $1500 on my IRA distribution. I have since updated Turbo tax, and now I owe $149! what happend???

Thank you, but this did not answer my question.  Is it a bug in the updated Turbo Tax? Or did the taxable IRA distribution law change from 4 days ago?

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