Retirement tax questions

To create a 1099-R in your 2020 return with a loss please follow the steps below:

1. Login to your TurboTax Account 
2. Click on the Search box on the top and type “1099-R”
3. Click on “Jump to 1099-R”
4. Select "I'll type it in myself"
5. Box 1 enter total distribution (contribution minus loss) $284
6. Box 2  will be $0
7. Box 7 enter P and J 
8. On the "Which year on Form 1099-R" screen say that this is a 2021 1099-R.

@sugersam5

Please make sure you enter $360 as amount withdrawn in the IRA contribution section when TurboTax states you have an excess contribution.