Retirement tax questions

@mslaska 

 

I've heard of that error screen one time before, but have never had access to that exact error screen.

 

That error screen is in error itself, apparently no one at TTX noticed that they didn't update the box # for that error screen....should say either 14 or 14a  ..... the "a" part of 12a simply refers to the first line in the state withholding area of the form, since sometimes two state lines are needed when a person moves during the year.

 

As to the error itself.......make sure that the withholding $$ are the same as your box 14 on the paper form.  Occasionally, some folks double-key a digit, or stick a comma in for the decimal point.

 

Beyond that, a few states are touchy about what is in box 16, even if it is empty on your paper 1099-R....NY in particular requires that box 16 have a value greater than box 14....usually it must be entered to be the same as the value in box 2a (....or the Federally-taxable amount of box 1, if 2a is empty or undetermined).

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Right, Online has automatic updates.  There was a verification screen earlier (corrected a week ago) that had all the box numbers wrong, but the one you see is in a different spot.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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