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Retirement tax questions
Thank you MaryK1101!!
The returned amount happened in 2021 (direct deposit), why can't it be considered as a 2021 income and file in 2021 return? With the "P" code on the 1099-R (2021), TurboTax is not allowing not recognize this 1099-R for 2021 return, and suggest to amend my 2020 return which I hope not to go with this option.
If this is the only option I have is to amend 2020 return, do I need to complete my 2021 return before I begin 2020 amend in TurboTax? I hope it's not complicated, never done an amendment before.
March 4, 2022
1:25 PM