ThomasM125
Expert Alumni

Retirement tax questions

@epcot 

 

To report the earnings on your retirement distribution, you can make an entry for a substitute form 1099-R in addition to the normal entry, and put the earnings in box 1 and box 2(a). You will see an option to create a substitute form 1099-R on the screen that says Tell Us Which 1099-R You Have when you go to enter the form 1099-R. Code the substitute form 1099-R as "J" in box 7, for early distribution from a Roth IRA.

 

You will need to provide an explanation for the substitute form 1099-R explaining that the original form was not correct and the broker refused to amend it.

 

 

 

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