Retirement tax questions

(Be sure you are entering a "2020" 1099-R, and not a CSA- or CSF-1099-R form, from OPM )

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1)  The box numbers were changed for a standard 2020 1099-R, and TTX uses those changed box numbers that the IRS wants .  Last year's (2019) boxes 12,13,14 were changed to 14,15,16 this year (2020)

 

2)  A few issuers have screwed up and FAILED to update theri forms for the 'proper" 202 box numbering.

 

3) SO...you look at the "subject" of each line on your paper form, and copy it's value to the same "subject' box on the TTX software form.

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CSA- and CSF-1099-R forms are different, and if you have one of those....you're probably entering it in the wrong TTX software form.

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