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IRA withdrawal taxable amount should be 2310.00 (line 4b on n1040) Turbo Tax Home & Business posted it on line 4b as 4620.00 - why is it posted double the correct amount

Correctly entered my 1099-R listing distribution as 2310.00 and taxable amount as 2310.00  Tax form 1040 shows taxable amount as double the amount 4620.00 How do I correct this situation?
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6 Replies

IRA withdrawal taxable amount should be 2310.00 (line 4b on n1040) Turbo Tax Home & Business posted it on line 4b as 4620.00 - why is it posted double the correct amount

Delete the Form 1099-R and re-enter manually.

But after deleting the Form 1099-R and before re-entering check your Form 1040 on line 4b to make sure that there is no amount entered.

IRA withdrawal taxable amount should be 2310.00 (line 4b on n1040) Turbo Tax Home & Business posted it on line 4b as 4620.00 - why is it posted double the correct amount

I did the delete and 1040 showed "0" Taxable - then entered manually with same 4620.00 taxable.  Is it a defect in the software?

IRA withdrawal taxable amount should be 2310.00 (line 4b on n1040) Turbo Tax Home & Business posted it on line 4b as 4620.00 - why is it posted double the correct amount

Which TurboTax program and edition are you using?

IRA withdrawal taxable amount should be 2310.00 (line 4b on n1040) Turbo Tax Home & Business posted it on line 4b as 4620.00 - why is it posted double the correct amount

Home & Business desktop purchased from Costco

Downloaded the program and did not use the CD

IRA withdrawal taxable amount should be 2310.00 (line 4b on n1040) Turbo Tax Home & Business posted it on line 4b as 4620.00 - why is it posted double the correct amount

Thank you.

I am using the Premier desktop edition for family tax returns and using the TurboTax online editions for test tax returns and have not had this problem when entering a Form 1099-R after multiple different 1099-R entries.

 

What is the code in box 7 of your 1099-R?

IRA withdrawal taxable amount should be 2310.00 (line 4b on n1040) Turbo Tax Home & Business posted it on line 4b as 4620.00 - why is it posted double the correct amount

I downloaded the Windows Home & Business program from Costco.  Switch to Forms mode and see if there is another 1099R entered.  

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