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.**