Incorrect assignment of 1099R retirement

[BillM223]

 ""Amount of this distribution that may be rolled or converted to a Roth IRA""

I am sorry but even some time away from this has not revealed what you are saying.

OK, so B4 is actually 4b. 4b on the 1040 (or 1040SR, same thing) contains the taxable amount of IRA distributions. You didn't list any IRA distributions, so line 4b is zero, as it should be. 

On the return you shared with me, there is no 57,440.76 on line 4b on the 1040SR, And I do not see the phrase "Amount of this distribution that may be rolled or converted to a Roth IRA" anywhere on this return, certainly not on line 4b.

When I look again at your four 1099-R entries, you marked 3 of them - the two smallest and the largest - as code G, i.e., various government and military pensions, including the Massachusetts State Teachers Retirement System. The second largest pension is marked as "None of the above" and is therefore taxable in Massachusetts.

I can only conclude that you and I are looking at two different things.

Is it remotely possible that you are looking at the 2021 tax data in the 2020 TurboTax software? I ask this only because I seen it before (of course, this would mean that you would be using the CD/download software and I don't know if you are).

So how about this?

1. "However, it does list the full $57,441 gross distribution as a "Tax exempt portion of pensions and annuities" (in RED)" It's in Red because you entered it in that box in Forms mode. Why did you enter that number when there are three 1099-Rs that are tax exempt?

2. Please take a screen shot of where it says "Amount of this distribution that may be rolled or converted to a Roth IRA", redacting any personally identifiable information, and post it in your reply.

[macuser_22]

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@rodyank57 wrote:

The first paragraph refers to the FEDERAL 1040-SR form page 1 that covers income. I printed out the copy directly from TT. My mistake was putting B4 instead of 4b. Does that clarify?

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Have you totally deleted the 1099-R and re-entered it in the interview mode (not the forms mode (if you are using that) and be sure that the IRA box is NOT checked?

https://ttlc.intuit.com/community/accessing/help/how-do-i-view-and-delete-forms-in-turbotax-online/0...

https://ttlc.intuit.com/community/forms/help/how-do-i-delete-a-tax-form-in-the-turbotax-cd-download-...

[rodyank57]

Bill,

 I have managed to go back in and correct the returns. I MAY (??????) have found the issue that made us go round and round. When I printed out the Federal 2021 return by clicking on "Forms", It printed out a 1040-SR, NOT a 1040, and I believe contrary to what you said, I DON'T think they're the same. The 1040-SR I printed DOES have a line 4b with the full 57,411 printed on it. Here's the weird thing, when I went back to "Forms" it no longer gave me a 1040SR, just a 1040 AND the numbers WERE in the correct spots. It gets weirder, when I finished the whole process and filed on line, I printed a copy. Lo and behold, it printed a 1040-SR. My head is spinning, but this SOB is finished and filed! Thanks for sticking with me and if you have an explanation for the 1040 vs. 1040-SR thing, let me know!

[macuser_22]

The SR only matters if you print for filing then it is larger type face (Congress made that a law for seniors over age 65).     The forms are identical.

[SaviDave]

TT 23 - AL STATE TAX APPLICATION TREATS TEACHER RETIREMENT AS TAXABLE, EVEN THOUGH IT IS NOT TAXABLE IN ALABAMA.

[CatinaT1]

I wasn't able to duplicate your issue. Go back to review your Alabama entries and be sure you are getting the following screens. You will need to click on Edit when you see your Retirement Distribution, Say YES you received a distribution that is not taxable, and then select the type of retirement you received.

Be sure to click on Edit on this screen:

Here you will say YES:

You will select AL Teacher's Retirement System in this drop down: