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Retirement tax questions
@goyal_raj wrote:
i am trying to enter my 2020 1099-R on my 2019 return by amending the return. When i try to enter the 1099 details and got o box 7 it shows me 1P as Return of contribution taxable in 2018. However this is for 2019, so how do i get the correct data?
Thanks for your help so far.
A code P entered into 2019 will ask what year is on the 1099-R. Say 2020 then 2018 changes to 2019. Code P advances the year by one every year.
**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.**
March 9, 2021
7:21 PM