Question

Can IRS Form 1040SR Line 5b ever be greater than Line 5a?

Forum|Forum|3 years ago
January 26, 2023
3 replies
0 views

I just finished submitting 2022 taxes using TT and noticed the 1040-SR Line 5b is greater than Line 5a.

TT did not flag this when doing the final checks before I submitted the return.

Later, when I looked at the inputs for all my 1099-Rs with a TT Agent, we found one 1099-R input page had an alert indicating a problem (yellow triangle and text). The 1099-R was a "G" Distribution Code for rolling over the balance of a 401k into a Roth IRA. Box 1 was $9,318 but Box 2a was entered in error as $9,138. TT totaled all my 1099-Rs (5a) $77,826 and then added $9,138 to arrive at (5b) $86,964. This has me owing $1,486 but when I fixed the typo, my tax due dropped to $388 (more like what I expected).

Is it possible that taxable pensions and annuities can be greater than total pensions and annuities? It seems the software should have stopped me from filing until I corrected that.

TurboTax Deluxe Online

DaveF1006

No, it is not possible for the taxable amount to be greater than the total amount.

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W

WHKAuthor

So DaveF1006 - How do we get TT code writers to flag a return with this condition so the customer can't submit the return until the error is corrected?

I was allowed to submit my return with this error and will now have to wait until February 16th to try to Amend it.

I don't see any bug reporting link on Turbo Tax...

VolvoGirl

Employee

Yes the taxable amount on the "b" line can be more than the "a" line. If the taxable amount is the same as the total distribution then nothing shows up on a. The amount would only show on b. If you have more than 1 item then it can be different.

I just checked in my 2021 program. When the gross amount is the same as the taxable amount both lines 4a & 5a are blank and the taxable amount on line b.

J

jameshohner2159

Yet I have the same problem except 4a or 5a are blank with amounts in 4b or 4b. 1099Rs are correct as is the 1099R Summary Worksheet. Is this a bug in Turbo Tax Deluxe?

J

jameshohner2159

I am having a similar problem. I have no "G" code just blank 4a or 5a boxes when I have the correct taxable amount in 4B or 5B. Can I submit a return with blank 4a or 5a boxes for Form 1040-SR?