1040 Form Line 5 issues

[VBCoach]

Totally confused why Turbo Tax is adding my 1099-R's to Line 5B when I indicated that they were rolled over to a 401?

Back story:  We have an pension program paid out monthly-so that would be considered income

2 1099-R's to report for total distribution, but were rolled over to another IRA (should not be considered taxable income)

Claiming the last 1/3 of a Coravirus distribution which should be added

So our line 5B states ROLLOVER but includes all the above being added together as income.  How do I get the online program to understand that the 2 1099-R's were rolled over into a IRA? It asked me the question, and I stated yes.

Thoughts?

[AmyC]

The program asks about moving the money and then asks was all of it moved. If it was not all, you have to enter the amount. I think something got missed in this area. In addition, the pensions are probably coded as box 7 code 7 for a normal pension distribution rather than being recognized as rolled over funds. Proper answering should correct the location of the dollars.

1. When asked Tell us if you moved the money through a rollover or conversion select I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days) and select Continue
2. On the next screen, Did you roll over all of this (Box 1) to another retirement account? answer Yes, I rolled over to an IRA or other retirement account (or returned it to the same account) and select Continue

Reference: Rollovers of Retirement Plan and IRA Distributions - IRS

[VBCoach]

Reply to Amy- I did enter the correct amounts and also answered Yes to all of the questions if the money was turned over to another account within the 6 mos.  The "total distribution" box was also checked.  When reviewing my form there is nothing on Line 7---It is all showing on Line 5.  Line 5a is the correct amount of my pensions sums, but on 5b it is adding the following (pension 1 which should be taxed, pension 2 and 3 (which were rolled over and should not be taxed) and 1/3 of a Coravirus disaster amount.  Am I incorrect, that pension 2 and 3 should not be taxed since they were rolled over another account? 

Also, I really hate that we can not edit our own forms, when we discover problems like this, and have to try out figure the TurboTax software to find the answer as to how we can make things right.

Another other ideas?

[VBCoach]

UPDATE:  I have determined that the issue is that it is DOUBLING my Disaster Distribution amount.  This is the final year that I have to pay 1/3 of that amount. I did enter my information from 2021 8915F when asked. How do I correct this?

[AmyC]

Pensions 2 & 3 would not be taxable as long as they were rolled over within the 60 day window. The 8915-F is set to automatically calculate your carryover.  Answering the question should not have caused the duplication. Do you have two of the forms showing in your return? For online, see How do I preview my TurboTax Online return before filing?

Maybe you have a piece of data stuck? Log out of your return and try one or more of the following:

• Don't use Internet Explorer.
• Clear cache, see https://ttlc.intuit.com/community/troubleshooting/help/how-to-clear-your-cache/00/26135#M704
•  Clear  cookies,  see https://ttlc.intuit.com/community/troubleshooting/help/how-do-i-delete-cookies/00/25978#M607
• Sign in using a different browser.
• Sign in using a different device.

Log back into your return.

Note to your other comments about the program: The IRS has certain requirements for software facing the general public. A tax professional does not have the same system. You might like the desktop version of the software. It has the same walk through process but also has a Forms Mode that you can switch to and see errors, calculations, data source, and more. The downside is only you have your tax return so you need to keep a digital copy safe. If you want to switch to desktop, it is very easy. Switching back to online is not as easy.

[VBCoach]

After hours, and yes, I mean hours on the system and on the phone with Turbo Tax representatives---It was determined my issue is all held up on the 8915F form being released.  

😡 Extremely disappointed in TurboTax this year. I would NOT RECOMMEND anyone using them. Have been waiting weeks now to file our taxes because they can not get Form 8915F form uploaded correctly. They announce it's release date, and then when you log in on that date, it has been pushed back a whole week. In order for me to find their hold up originally, I had to prepay so see the actual 1040 form, so now I am also stuck with waiting or lose my money to file another way. UGH!!!!! Ok, thanks for letting me rant this morning.

[DoninGA]

@VBCoach The Form 8915-F is available using the desktop and online edition effective today, 03/09/2023

Also, in the future if you continue to use the TurboTax online editions, the Form 1040 is always available for viewing without having to pay the account fees first.

You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

[DoninGA]

Remove typo - Change 8915-A to 8915-F