Some TurboTax online customers are experiencing an issue with entering their 1099R into TurboTax. After entering the form information, TurboTax online says "needs update" after entering the information.
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You'll report amounts from Form 1099-R as income. So, the income is taxable to the recipient in the year received. Regarding 1099-R distribution codes, retirement account distributions on Form 1099-R, Box 7, Code 4 are still taxable based on the amounts in Box 2a.
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