Skip to main content
March 4, 2021
Question

I did my return and it showed I owe $1500 on my IRA distribution. I have since updated Turbo tax, and now I owe $149! what happend???

  • March 4, 2021
  • 1 reply
  • 0 views
No text available

1 reply

fanfare
Employee
March 4, 2021

Always print a copy of your completed tax return for your records, and review it carefully before e-Filing.
You will need it if you are audited by the IRS, or to amend if a TurboTax update changes your return or for any other reason,

AND, to find your AGI next year.

March 4, 2021

Thank you, but this did not answer my question.  Is it a bug in the updated Turbo Tax? Or did the taxable IRA distribution law change from 4 days ago?