DanaB27
Expert Alumni

Get your taxes done using TurboTax

You can enter the Form 1099-R as shown. 

 

A loss is reported in the year of the distribution, therefore, you do not need to enter the full $1,000 excess deferral. You can enter the Form 1099-R as shown and TurboTax will add the $900 to your wages on line 1 h on Form 1040.

 

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