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Retirement tax questions
@Diane471 The people who issued that 1099-R have used an improper formatting for the boxes numbered 12 and higher. TTX is using the proper 2020 box numbering for boxes 14,15,16 on the 1099-R, and NOT your 12,13,14
The box 12 $$ in your form, go into the TTX software's box 14. Your 13 goes into TTX's 15, Then you put box 2a $, or box 1 $ into box 16.......or if you are going thru the interview....into the State Distribution amount. (normally it is the $$ from box 2a, if box 2a has a real value in it.....otherwise, the Federally-taxable amount from box 1...which is usually, but not always, the $$ in box 1).
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 12, 2021
4:24 PM