DanaB27
Expert Alumni

Retirement tax questions

Yes, please check the “IRA/SIMPLE/SEP” box in the 1099-R.

 

Yes, you will answer “no” to the question “any excess IRA contribution before 2021”.

 

But also you don’t have to enter the 1099-R 2021 in the 1099-R entry section in TurboTax when you file the 2021 taxes unless there are withholdings.

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