@hwther242441 wrote:
@macuser_22
So the only thing to fill out on 2020 1099-R is box 2a and box 7 with code JP? And for the tax withheld(Box 4/Box 14) it would only be reported on 2021 1099-R rather than 2020 1099-R correct? Also what is Gross Distribution; do I report that on both 2020/2021 1099-R or just 2021 1099-R? I'm also wonder would I still be able to E-File an Amended 2020 Return in 2022(I E-filed 2020 taxes) or do I have to mail it in.
You enter the entire 1099-R exactally as sent into both 2020 and 2021. TurboTax knows what to do with the code JP to enter it correctly for each tax year (for 2020 the box 1 gross distribution will go on the 1040 line 4a and the box 2a earnings on line 4b, the 2021 box 4 tax withheld will be added to other W-2 and 1099 withholding on the 2021 tax return line 25b . You cannot e-file an amended 2020 tax return after Oct, 15, 2021 which will be before the 1099-R is received - 2020 e-file ends on that date to get ready for next year.
**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.**
