The instructions are the same unless you are using the desktop version of the program, if so you can follow these instructions:
To enter a substitute form 1099-R in Turbo Tax Desktop 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
- On the screen that says Tell Us Which 1099-R You Have choose I need to prepare a Substitute 1099-R
You can ask, but the pension company will not likely correct the form as I believe they reported everything correctly and even if not it is difficult to get them to correct 1099 forms.
The code "P" says that the distribution is for the year before the one listed on the form. The 1099-R form you get will say 2024, so the code "P" on it will mean the income belongs on the 2023 tax return.
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