Retirement Income

[csjohns97]

I've been using TT for years and this is the first time I've been stumped.  I'm sure it must be something I've entered but I'm darned if I can figure out what I've done!  In the income summary for retirement, it's showing a taxable amount greater than the income amount.  We did pay off the balance of the Covid-19 distribution we took and I entered that where asked.  We did not get a 1099R for the payback.  Unlike other entries, I can't click on the amount to see what it consists of.  The only income under retirement we have is my husband's pension, for which we did receive a 1099R and I listed, and my social security.  Where is that extra income coming from?

Thanks!

Sharron 

[DanaB27]

To verify, did you spread the contribution over 3 years and entered the repayment when TurboTax asked?

1. Login to your TurboTax Account 
2. Click on the "Search" on the top and type “1099-R”  
3. Click on “Jump to 1099-R” 
4. If you do not have any 2021 1099-R answer "No" to "Did you get a 1099-R in 2021?"(If you have any other 1099-R then enter all 1099-R and after entering your last 1099-R click "Continue" on the “Review your 1099-R info​​​​​​​” screen)
5. Answer "Yes" to the "Have you ever taken a disaster distribution before 2021?" screen
6. Follow the instructions on the screen

Please be aware, since we cannot see the details of your return we cannot answer where the information comes from.

You might want to check Form 1040 if the retirement income looks accurate there (line 4 for IRA distributions and line 5 for pension).