DanaB27
Expert Alumni

Get your taxes done using TurboTax

Yes, if you wish you can wait until you get the 2022 Form 1099-R next year and then amend your 2021 tax return instead of creating a Form 1099-R now.

 

You will have to enter this 2022 Form 1099-R on your 2021 and 2022 tax returns because you had tax withholdings. The earnings will be taxable in 2021. The 2022 code P will not do anything in the 2022 tax return but the withholding will be applied to 2022.

 

 

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