Because of an error in TurboTax, your qualified non-taxable Roth IRA distribution was included in your taxable income, leading to an overstatement of your Adjusted Gross Income (AGI) and a possible overpayment of tax.
We fixed the issue in TurboTax and we want to make sure you have the information to determine if your return is complete and accurate. We suggest you amend your federal and state income tax returns to report the correct AGI. The amended return(s) will report the correct AGI and determine if you are due a refund for any overpayment of tax.
You can amend your tax return yourself. Step-by-step amend instructions are available for:
We’re here to help if you have questions or need assistance. Call us at 1-877-216-2138 (Monday through Friday, 5 a.m. to 5 p.m. Pacific Time) to reach a tax expert who is prepared to assist you with this issue. Tell the expert you’re calling about: 2018 Roth IRA 1099R.
Remember to save a copy of the amended returns for your records. After the changes are made to your tax returns, print, sign, and mail the amended returns to the address located on the TurboTax Filing Instructions.