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December 3, 2020
Question

Why doesn't an AGI income increase match the income increase from a 1099-R?

  • December 3, 2020
  • 1 reply
  • 0 views
I completed my 2019 return. Later, I found a mis-placed 1099-R for exactly $20,000.  Upon entering the $20,000 in TurboTax, the AGI increased by $30,000 instead of $20,000.

1 reply

Critter-3
December 3, 2020

Well if you set the old return next to the new return you may find the issue ... but my first guess is more of the SS benefits became taxable.