Thank you for confirming that Julie! I looked into your excellent suggestions. Though they didn't apply in my particular situation, I appreciate them and I'm feeling more confident.   Cheers. ... View more

I'm not sure what you mean by that last portion; what "other income?" Can you give me some possibilities? My situation is quite simple other than this IRA distribution; W-2, some small (less than $500) interest/dividend income I've reported. I don't even own property, and there's no way this income is pushing me into a higher tax bracket either. I'm stumped as to how this is taking away well over half my refund when I've included withheld taxes here. ... View more

2a lists the taxable amount, which was the full amount of the withdrawal. 2b was checked and reads "Taxable amount not determined" which seems to contradict 2a. Regardless, the whole amount is taxable of course.   So the question is when will it be credited on my returns. After I file? The refund forecast doesn't seem to take this into account, which is what my original post is speculating. For reference we did 15% federal and 5% state, so a little bit of tax should most likely be owed. However as my post states, an amount of the withdrawal at exactly my tax bracket is being deducted from my refund.   So the software doesn't credit withheld taxes, and I won't know what is or isn't owed until after I file, correct? ... View more

Yes Kathryn, it was Distribution Code 4 and I answered those questions, my original post answers most of them. All inherited IRA's are subjected to RMDs. Are you saying I potentially filled them out wrong? It was pretty a pretty standard withdrawal, nothing overtly odd about it. This doesn't answer my question. I withheld taxes and the software is most likely just being overly reserved about its forecast, right? ... View more

So you're saying I can simply enter it as 'other income'? Ok, and with such a small amount favorable tax treatment would be negligible. Thanks! Unfortunately I've also acquired an HSA this year, which is also apparently NOT supported in the free version. Bye, TurboTax. ... View more