- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
thank you for your response. i didn't consider that the interest was paid to me in 2023 and is therefore added to my 2023. return. Since I've already created the 1099-R in TT in my 2022 return, I'd like to continue that route. From what understand, in box 1 and 2A, I enter the amount of the over contribution only. What code do i use for Box 7? And am I on the right track here doing this way, and then using the interest accrued on a 1099-R for my 2023 return? Also, after I adjusted my existing 1099-R to reflect just my over contribution, it displays a screen stating that I over-contributed $22 to my retirement plans. It is actually $44 that was over contributed ($22 from a 401k and a 457b employee retirement plan. see pic below.
I actually contributed $44 to both a 401k and 457b plans