When you amend your 2020 tax return then after you entered your Form 1099-R with codes P and J, TurboTax will ask what year is on the Form and you will select 2021. Then TurboTax will apply it correctly to 2020.
- Open your 2020 amended return
- Click on the "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R”
- Enter your 1099-R information
- Click "Continue"
- On the "Which year on Form 1099-R" screen say that this is a 2021 1099-R.
- Click "Continue" after all 1099-R are entered and answer all the questions.
- Continue until "Did you use your IRA to pay for any of these expenses?" screen and enter the amount of earnings under "Another reason" if you are over 59 1/2 (if you are under 59 1/2 click "Continue")
Please be aware, code P will say in the drop-down menu "Return of contribution taxable in 2019" you can ignore that since the follow-up question will tell TurboTax that it will be taxable in 2020.
Yes, if you are under 59 1/2 the earnings are subject to the 10% early withdrawal penalty, it will be calculated on Form 5329.
In regards to the missing file please contact customer service. Please see What is the TurboTax phone number?
[Edited 3/22/2022 | 5:08am PST]
@DPNJ
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