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TuboTax 1099-R is incorrect
Boxes 12 - 14 are titled differently for 1099-R on TurboTax than the 1099-R Form from payer.
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January 23, 2021
4:42 PM
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Retirement tax questions
The TurboTax Form 1099-R is correct since it the same as the IRS Form 1099-R - https://www.irs.gov/pub/irs-prior/f1099r--2020.pdf
January 23, 2021
4:46 PM
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Retirement tax questions
Are you sure it's a 1099-R, and not some other type of 1099 form? Here's a standard 1099-R:
Or do you have one of these: Form CSA 1099R, Form CSF 1099R or Form RRB-1099-R.
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January 23, 2021
4:52 PM
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Retirement tax questions
On one of the followup verify screen the box labels are indeed the old number but the data is correct. This is just a cosmetic labeling issue and does not affect the tax return at all. It will be fixed in a future update.
**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.**
January 23, 2021
4:52 PM
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Retirement tax questions
I have the correct 1099-R form, but Turbotax has mislabeled their boxes 12-14.
January 25, 2021
4:28 PM