Turbotax problem (distribution, range, IRS, student)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I'm Attempting to use Turbo Tax for the first time after many years of filing a paper return. I got tired of my kids mocking me. But I ran into a roadblock.
I received four 1099-R forms. Three were for IRA rollovers; one was for my IRA annual retirement cash draw. The problem is that Turbo Tax only lets me enter information for one 1099-R.
What should I do? Add the figures together and report everything as one collective 1099-R? The problem with that solution is that the codes are different on the forms for rollovers and payouts. Or should I just report the 1099 for my payout and ignore the other three? Won't the IRS red flag that when my total distribution amount doesn't match the total reported by my financial institution?
The blizzard of welcoming e-mails I've received from TurboTax is strangely mum on my dilemma. Advice from anyone on C-D would be appreciated.
also considering using turbotax or taxact. I am a single guy don't own a home, no kids. I have an IRA, an employer based 401K, and a mutual fund account. I also have student loans. Will these programs be complicated to use in my case?
also considering using turbotax or taxact. I am a single guy don't own a home, no kids. I have an IRA, an employer based 401K, and a mutual fund account. I also have student loans. Will these programs be complicated to use in my case?
Nope. Very simple. It walks you through everything.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.