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Retirement tax questions
@broke chevy wrote:
Form 1099-R Distribution from Pension, Annuities, Retirement etc form from the State of NC boxes do not match Turbo Tax.
Box 12 in the NC 1099-R is State of NC Tax Withheld. In TT this is box 14. never had this problem before.
That is because the IRS added 2 boxes to the 2020 1099-R and renumbered the boxes. The old box 12-14 are now 14-16. Either you have a 2019 form or the insurer is not complying to the IRS 1099-R rules.
**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.**
‎February 14, 2021
9:51 AM