Pension income reported totals 25979.09. turbotax...

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New Member

Pension income reported totals 25979.09. turbotax is calculating it at 28,450.00. I know everything is rounded up, but that is a difference of 2,471.37.

 
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New Member

Pension income reported totals 25979.09. turbotax is calculating it at 28,450.00. I know everything is rounded up, but that is a difference of 2,471.37.

Are you doing pension income splitting? If so, the one receiving the split income is added in total income. The deduction to the person doing the split happens in the next section so it appears to have increased your income. Go to the detailed summary under the review tab to see taxable income. 

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