DanaB27
Expert Alumni

Retirement tax questions

That is not the correct rule for an IRA but since they do not change the 1099-R enter the earnings on the 2020 tax return with the codes 8 and 1:

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “1099-R”
  3. Click on “Jump to 1099-R”

Maybe get Vanguards reasoning in writing from their tax department for your records .

 

The 1099-R with the code P will be entered in the amended 2019 tax return.

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