Retirement tax questions

 

Make SURE it's just a plain 1099-R form, and not a CSA- or CSF-1099-R, 

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..............several retirement systems/issuers have released 1099-R forms with improperly labelled boxes at #'s 12 and higher for 2020.

 

For 2020, The IRS changed the box # labelling for boxes 12 and higher.   The former 12,13,14 are now supposed to be boxes 14,15,16 respectively.   So either use that info to put your data in the proper boxes....or just carefully match the subject text on each box before transferring the data it contains to the TTX form.

 

Then call the issuer, and ask them if they are aware of the issue, and if they are going to correct their forms or not...they do need to get lots of complaints, so they get on the ball and  get it right next year.

 

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But if your paper form is a CSA- or CSF-1099-R form, then you are entering that form in the wrong form-type in the software.   CSA- and CSF-1099-R forms use a slightly different format and box numbering from a plain 1099-R.

 

____________*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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