Since the contribution was for 2023, you need to report the income in that year based on how the 1099-R is coded. On that amended return, you will enter a substitute Form 1099-R by entering in the information you have on the Form 1099-R you received.
To enter a substitute form 1099-R in Turbo Tax Online follow these instructions:
- Find the Retirement Plans and Social Security menu option in the Wages and Income section of TurboTax
- Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R)
- Choose Add (Another) 1099-R
- Choose I'll type it in myself
- Choose the source of your 1099-R form
- Enter your pension income into the Form 1099-R entry screens
- When you come to the screen that says Do any of these situations apply to you? Check the box that says I need to file a substitute 1099-R and follow the instructions
When asked, answer that the Form 1099-R is for the 2024 tax year.
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