DaveF1006
Expert Alumni

Retirement tax questions

It depends. First of all, why are you entering a 1099-MISC. Don't enter one unless you receive one. Also, do not adjust the amount on the W2.  Leave it the way it is reported.

 

Please use the procedures that Turbo tax Expert MinhT1, outlines in his Turbo Tax post. Please follow those procedures closely in the manner that he describes them. Do not create a 1099R. Here is his recommended procedure.

  • Click on Federal in the left-hand column, then on Wages & Income
  • Under All Income, scroll down to Less Common Income
  • Select Miscellaneous Income and click Start
  • Select Other income not already reported on a Form W-2 or Form 1099 and click on Start
  • Answer the question "Did you receive any other wages?  Yes
  • Click through the questions till you get to Any Other Earned Income
  • Answer Yes to Did you earn any other wages?
  • Indicate Other as Source of Other Earned Income and click Continue
  • For the description enter "2021 Excess 401K Deferrals" and click on Done

 

  

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