Federal 2010: Roth Conversions and Social Security Benefits
Updated: 8/03/2011
Article ID: SLN48684
Certain customers, who had converted a 1099-R Distribution to a Roth IRA and had taxable Social Security benefits, may have an incorrect tax return.
TurboTax has fixed this issue.
How to tell if you are impacted:
You may be affected if ALL of the following are true:
- You filed your federal tax return prior to March 24, 2011, AND
- You converted a 1099-R Distribution to a Roth IRA AND
- You chose to have your conversion taxed in 2011 and 2012 AND
- You received social security benefits
If you are affected, you may have underpaid your federal tax. You will need to amend your federal tax return.
If you need to contact us, please use the phone number in the email from TurboTax and tell the representative you’re calling about the Federal: Roth Conversion and Social Security Benefits.
Solution
Let us do the work for you. We highly recommend this.
- Please download and print this Authorization Form.
- Complete the form and fax it to us at the number printed at the top of the form.
- Note: After we receive your completed authorization form, please allow up to 15 days to amend your return.
- You can print, sign and mail the corrected return to the IRS.
Or you can make the corrections yourself. However, the amend process can be complex.
- To do it yourself, please follow these step-by-step instructions
- Amending your federal return
- Amending your state return
- After you make the changes to your tax return, you will need to mail a copy of
- Your federal return to the IRS and
- Your state return to your state tax authority, if you state return is affected
- Your printed returns will include instructions on how and where to mail them
- If you need assistance, call us at the phone number in the TurboTax email
