topic Re: Incorrect Income Amount in Get your taxes done using TurboTax

Incorrect Income Amount

tomy51 — Wed, 11 Feb 2026 03:49:28 GMT

I entered my income which comes to around $130k but Turbo Tax is showing my income as $441,574.00. Be nice if I had that much income but I don't.

I have triple-checked my entries and it does not add up.

Re: Incorrect Income Amount

SteamTrain — Sun, 11 Feb 2024 13:47:07 GMT

Well...how much pension income did you enter?

Like one 1099-R with perhaps ~32,000 of income?

OR did you do some pension rollover(s) with larger amounts that perhaps didn't get recorded as rollovers?

Re: Incorrect Income Amount

tomy51 — Mon, 12 Feb 2024 15:49:16 GMT

So I do have a pension 1099-R distribution that is greater than $32K, but fail to see how that would equate to $322K of income.

Re: Incorrect Income Amount

DoninGA — Mon, 12 Feb 2024 15:51:50 GMT

You need to edit the Form 1099-R that you entered to make sure an incorrect amount was not entered, or for a misplaced decimal point or for a comma entered for a decimal point.

Re: Incorrect Income Amount

VolvoGirl — Mon, 12 Feb 2024 15:58:03 GMT

Do you have more than one 1099R? Did you maybe roll over or convert a 401K to another plan?

Re: Incorrect Income Amount

tomy51 — Mon, 12 Feb 2024 17:13:03 GMT

OK, found it - user error in the tax withheld field.

Re: Incorrect Income Amount

VolvoGirl — Mon, 12 Feb 2024 18:12:31 GMT

Tax withheld box 4 wouldn't make your income be higher.