@witwib wrote:
Hello,
I'm using the 2nd option to enter excess deferral (other income -> excess deferral + explanation) to cover an amount returned to me in April. However, TurboTax is flagging missing 1099 information and is insisting I need to fill out missing details for a 2019 1099-R form. Has anyone else run into this problem? There doesn't seem to be a way to tell it that this will be on a 2020 1099-R form. FYI - I've received the 2020 1099-R form with code "P" already.
If you actually *have* the 2020 1099-R code P then you must use that and not the "2nd option". Enter the code P 2020 1099-R into TurboTax 2019 and the interview will ask if it is a 2020 1099-R- say yes. Delete the "other income" entries that you made.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
