Question

Importing Schwab 1099B and 1099R

Forum|Forum|4 years ago
April 6, 2022
1 reply
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A couple weeks ago I imported my Schwab 1099B and later realized I had not imported my Schwab1099R from my recent RMD

When I imported the 1099R for some reason the software deleted all of the imported Schwab 1099B information so reimported the Schwab 1099B and manually entered the Schwab1099R information

Once completed I noticed that I owed thousands more dollars to the Feds and what had been a small refund from the state now showed that I owed the state thousands dollars as well

So I assumed that I would have to pay out more than I had expected

Today I reopen the software and for some unexplained reason I was now showing a much smaller amount of taxes owed for the Fed and for the state I was showing the original refund from that I saw few weeks ago

This made me wonder if there is a possible glitch in the Turbotax software?

AmyC

Employee

Data can get stuck so closing out your program and going back in may have cleared out some issues. Always review your return before filing for accuracy.

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