My 2020 COVID disaster IRA distribution was taxed over 3 years 2020-2022. Turbo tax is try to get me to pay an extra year of tax. What should I do?

Forum|Forum|2 years ago
January 6, 2024
1 reply
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On Retirement Income results the Taxable amount is more than the total in an amount equal to 1/3 amount the amount. This would be an extra 1/3 (4 1/3s). How do I not overpay my taxes?

TurboTax Deluxe Online

Best answer by Critter-3

This is a known issue that a future update should cure ... so you can wait for more updates.

If you are using the Downloaded program go to Forms mode and delete the Form 8915-F and the Form 1099-R that was transferred from the 2022 return.

If you are using the Online program ...

Open your return in TurboTax. (To do this, sign in to TurboTax, and select Take me to my return.)
In the left-side menu, select Tax Tools > Tools.
In the pop-up window Tool Center, choose Delete a form.
Select Delete next to the form/schedule/worksheet in the list and follow the onscreen instructions.

Anonymous_

Employee

@Critter-3

Critter-3Answer

This is a known issue that a future update should cure ... so you can wait for more updates.

If you are using the Downloaded program go to Forms mode and delete the Form 8915-F and the Form 1099-R that was transferred from the 2022 return.

If you are using the Online program ...

Open your return in TurboTax. (To do this, sign in to TurboTax, and select Take me to my return.)
In the left-side menu, select Tax Tools > Tools.
In the pop-up window Tool Center, choose Delete a form.
Select Delete next to the form/schedule/worksheet in the list and follow the onscreen instructions.