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Get your taxes done using TurboTax
I have received a 1099-R from the broker in 2022 that shows the gross distribution and the taxable amount. As per your previous instructions (thank you), I opened my 2021 Federal return in TurboTax so that I could file an amendment. When I select code P in TurboTax, TurboTax reads "P--Return of Contribution Taxable in 2020." This is not correct. The 1099-R itself clearly reads that this amount is taxable in 2021 and the Form 1099-R is dated 2022. Is this going to be a problem??
‎February 7, 2023
8:19 AM