Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 14, 2025 6:54:15 PM

Bug report: incorrect wizard guidance, calculation, and checking of IRA contributon

Married filing jointly, with AGI *several times* the federal limit for IRA contributions.  Turbotax '24 desktop for Windows.  I noticed I had not made IRA contributions and wizard encouraged me to do so.  So I did.  $14k worth.  Turbotax applied the $14000 amount on Schedule 1 and 1040 line 10, then checked (100% Accurate!) and then filed the form, to state, and federal, saving me about $7k in owed taxes.

 

The forms were rejected by IRS for other reasons (Son had claimed himself).  So I had a chance to fix this and re-file.  I'm still out the $14k I sent over to the IRA's. 

 

I have copies of the original and updated and can proivde to Intuit personnell if they'd like to look.

0 1303
0 Replies