dmertz
Level 15

Get your taxes done using TurboTax

Because this Form 1099-R is a 2024 form, this form indicates that the distribution actually occurred in 2024 even though you might have requested it late in 2023.  Unless the form includes code P in box 7, the form is reportable only on your 2024 tax return.

 

If the 2024 Form 1099-R includes code P in box 7, the amount in box 2a of this form is taxable on your 2023 tax return, the tax withholding is credited on your 2024 tax return, not on your 2023 tax return.  Such a Form 1099-R must be entered into both 2023 TurboTax and 2024 TurboTax so that it is all reported correctly.

 

If the distribution truly occurred in 2023, a fact contradicted by the receipt of a 2024 Form 1099-R for this distribution, you need to sort that out with Fidelity.

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