Retirement tax questions


@Audi2014 wrote:

When running review I receive an error regarding my 1099-R stating that box 14 can not be greater then box1. and it is not, but I keep getting an error saying it is? How do I correct this?


Delete the 1099-R and re-enter.  If there is no box 14 amount on your 1099-R then leave all boxes 14-16 blank.

 

If there is an amount in box 14 then box 16 should the same as box 1 (many IRA custodian leave it blank but some states require it).

**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.**