Nine years as Tax Expert with TurboTax; Certified Public Accountant (Texas, retired) since 1998; 20+ years of tax accounting, specializing in small businesses and partnerships
Yes, if you are certain that you won't receive Form 1099-R, you can enter the information as follows:
Gross Distribution: Go toFederal Taxes >> Income >> Other...
We have tested and confirmed the experience you have seen.It would be helpful to have a TurboTax ".tax2025" file to test this issue further.
If you would be wi...
Yes, you can purchase and install as many state tax modules as you need. Please be aware that your TurboTax license covers only five (5) installations on comput...
In most cases, you don’t need to file a full 1040-X amendment just to fix your IRA basis, but you should correct the record to avoid being double-taxed later.
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