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Retirement tax questions
But you got a statement saying that you are eligible for the COVID exception on the "Let's check if you're exempt from additional taxes" screen and on the "Do you want to pay all the tax this year?" screen it states you have a distribution of $30,000 but only have to pay tax on 1/3 ($10,000) on this years return, minus repayments? And the box under it is not checked?
What is the code in box 7?
You might have to try to delete your form 1099-R and reenter it.
- Login to your TurboTax Account
- Click on the Search box on the top and type “1099-R”
- Click on “Jump to 1099-R”
- Delete the form and add a new one.
- Answer all questions carefully.
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March 2, 2021
12:52 PM