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
Level 1
posted Feb 2, 2024 1:32:52 PM

Turbo Tax program has the wrong idea about my IRA & I can't mover forward

I have a traditional IRA, which was initiated by a rollover from my 403b in 2021. Since I was already retired at that time, there have been no other contributions to the Traditional IRA. No problems with that re Turbo Tax last year or the year before. However, now the program is insisting that  " you told us that you received a with-drawl of an excess traditional IRA contribution from 2022 or a previous year." 

 

I did NO such thing and it is not true, but I cannot figure a way to get past that. The program wants we to fill in all kinds of things including info about dates of the supposed with-drawl, penalty paid etc. None of that applies. 

Any suggestions would be welcome. 

0 2 776
1 Best answer
Level 15
Feb 2, 2024 4:32:59 PM

You have mistakenly entered a zero in box 2a of TurboTax's 1099-R form that reports the distribution from the traditional IRA.  Edit that form and correct box 2a to have the same amount as box 1 as shown on the Form 1099-R provided by the payer.

2 Replies
Level 15
Feb 2, 2024 4:32:59 PM

You have mistakenly entered a zero in box 2a of TurboTax's 1099-R form that reports the distribution from the traditional IRA.  Edit that form and correct box 2a to have the same amount as box 1 as shown on the Form 1099-R provided by the payer.

Level 1
Feb 2, 2024 4:45:38 PM

Thank you!