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Retirement tax questions
It is probably easier to just enter the 1099-R rather than argue with them that they are wrong. As long as you tax return matches what they sent the IRS will probably not care.
IRA contributions are totally separate. If non-deductible then it will go on a 8606 form line 1.
Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.
OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.
**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.**
May 5, 2021
5:18 PM