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Get your taxes done using TurboTax
You will enter the code P and J when you enter the 2024 Form 1099-R on your 2024 return, but you can ignore the recommendation since you include the earnings in your 2023 taxable income.
You only enter this in your 2024 return to get the withheld taxes from box 4 applied to your 2024 return. TurboTax will know to ignore the the income for 2024 because of the code P but will apply the withheld taxes on line 25b of Form 1040.
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‎February 28, 2025
8:31 AM