JohnB5677
Expert Alumni

Retirement tax questions

The FORM 1099-R and the TurboTax input screens do correlate correctly.  Please confirm that you have a 1099-R.  It is labeled in the top right corner of the form.

 

The IRS instructions indicate that BOX 12 should contain:

 

Box 12. FATCA Filing Requirement Checkbox Check the box if you are an FFI reporting a cash value insurance contract or annuity contract that is a U.S. account in a manner similar to that required under section 6047(d). See Regulations section 1.1471-4(d)(5)(i)(B) for this election. In addition, check the box if you are a U.S. payer that is reporting on Form 1099-R as part of satisfying your requirement to report with respect to a U.S. account for chapter 4 purposes as described in Regulations section 1.1471-4(d)(2)(iii)(A).

 

The other boxes are similarly correct.

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