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February 26, 2025
Question

Is it OK to file with Turbo Tax now that the 1099R issues I experienced appear to be fixed?

  • February 26, 2025
  • 1 reply
  • 0 views

I've used Turbo Tax for many years with now issues or problems.  This year, due to the issues involving RMDs and multiple IRAs,  I had to seek help from the Turbo Tax community.  Now that those issues appear to be fixed, and everything else in my return appears to be in order,  should I go ahead and file my return, or wait in case more issues in the program pop up that need fixing? 

    1 reply

    JohnB5677
    February 26, 2025

    Yes, you can file your return, but take a moment to review the 1040.

     

    You may want to make note of boxes 4, 5 & 6.  These refer to retirement income.

    Also check line 23 Other taxes.  This would include any penalty for an RMD shortfall.

     

    From the left sidebar

    1. Select Tax tools
    2. Hint: You may have to minimize the Federal and State selections
    3. Click Tools
    4. A Menu will pop up
    5. Select View tax summary
    6. On the left panel click Preview my 1040

    Some Key numbers:

    • 11 Adjusted Gross Income
    • 12 Deductions
    • 15 Taxable income
    • 16 Tax
    • 33 Withholdings
    • 34 Refund
    • 37 Amount you owe
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