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Retirement tax questions
.......OK, here's your situation with that 1099-R.
Whoever issued that 1099-R did NOT update their form to the new/proper 2020 1099-R box numbering format that the IRS wants everyone to use this year. So your boxes 12,13,14 on your paper 1099-R will go into boxes 14,15,16 in the software's 1099-R form.
of course, if there was no withholding in box 12 of your paper 1099-R, then you may not need to enter boxes 14,15,16 in the software's form at all.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 16, 2021
4:38 PM
2,570 Views