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Yes, this is usually correct. It suggests that TurboTax was not able to calculate the correct taxable amount of your traditional IRA distributions until you entered the year end balance, calculating a taxable amount that was too low by assuming a zero year-end balance until the year-end balance was entered.
Yes, this is usually correct. It suggests that TurboTax was not able to calculate the correct taxable amount of your traditional IRA distributions until you entered the year end balance, calculating a taxable amount that was too low by assuming a zero year-end balance until the year-end balance was entered.
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