DanaB27
Expert Alumni

Retirement tax questions

When you enter a 2022 Form 1099-R  with codes P and J in your 2021 tax return it will enter the distribution and taxable amount from 2a in Form 1040 but TurboTax will ignore the taxes withheld in box 4. These taxes withheld belong on your 2022 tax return because they were withheld in 2022.

 

Now when you enter the 2022 Form 1099-R with codes P and J in your 2022 tax return the distribution and taxable amount in 2a get ignored because of the P code and only the taxes withheld in box 4 are applied toward any taxes due (listed on line 25b of Form 1040).

 

@je105 

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