First, I would recommend deleting the 1099R then re-entering. After you have logged in and are in your return in TurboTax Online:
- Go to Search at the top of the screen.
- Enter Form 1099-R in the search box.
- You will see a Jump To function that will take you to the 1099-R input screens.
- Delete the 1099R in question by clicking on the trash can next to the form
- Then add a new 1099R and manually enter your 1099R.
At the financial services screens, click "Change how I enter my form" then "Type it myself"
Then follow these steps:
Review your 1099R. Is there an amount in box 2a? Is the distribution code in Box 7 a "7"? Is this a Roth IRA where you are recovering your original basis?
- At the "How much of the distribution was RMD?" Enter "None"
- Next indicate you did not rollover or convert the money.
- That will take you back to the 1099R summary Screen.
RMDs were waived for 2020. You must indicate to TurboTax that none of the distribution was RMD. If you already enter the 1099-R as RMD and changing your answer to the RMD question doesn't work then you have to delete and re-enter the 1099-R form.
You can verify your entry by looking at your Form 1040 line 4 or 5:
- Click on "Tax Tools" in the left menu
- Click "Tools"
- Click "View Tax Summary" in the Tool Center window
- Click on "Preview my 1040" on the left
