DanaB27
Expert Alumni

Retirement tax questions

You will just enter the 2021 Form 1099-R as shown on the form on your 2021 tax return and then TurboTax will apply the taxes withheld to 2021. The income won't be counted on your 2021 tax return because of the code P.

 

On your 2020 amended tax return, you can just enter the 2021 Form 1099-R as shown. TurboTax will not apply the taxes withheld to 2020 because of the code P and you are answering that it is a 2021 form. 

 

@DPNJ

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