I'm filing my taxes with TurboTax 2023 desktop and noticed that some of the line numbers which auto-populate and cannot be change on my Form 8958 cite incorrect 1040 line numbers.
For "Capital gains and losses", it cites "from Form 1040, line 6" but capital gains and losses are on 1040, line 7.
For "Pension income", it cites "from Form 1040, line 4d", but the correct line is 1040, line 5b.
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Is it bringing the correct numbers even though it is referencing the incorrect lines? The 1040 has changed line numbers over the years so it is certainly possible that the references are outdated even if it is drawing the correct data.
@Anonymous
Yes, the dollar amounts are correct. It’s just the labels that are wrong.
If the taxes are calculating correctly, that is what counts. The actual 8658 instructions don't even have that much information.
Hello,
Where do you input the Form 8958-related data in the Turbo Tax 2023 desktop software? I use TT Home and Business desktop, and cannot find the place to input the information in the "Other Tax Situation" area. please help. Thank you.
AL
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