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Retirement tax questions
Yes, I would contact them to correct Form 1099-R to only have code J.
If they don't correct the mistake then you could file a substitute Form 1099-R with code J on your 2022 tax return (but you won't be able to e-file).
In TurboTax Online:
- Login to your TurboTax Account
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R”
- Select "Change how I enter my form" on the "Let's import your tax info" screen
- Select "Type it myself"
- Fill out Form 1099-R box 1 distribution amount, box 2a blank, Check the “Taxable amount not determined” box in box 2b and enter code J in box 7
- Continue through the questions until the "Do any of these situations apply to you?" screen select "I need to file a substitute 1099-R"
In TurboTax Desktop:
- Click "Federal Taxes" on the top and select "Wages & Income"
- Click "I'll choose what to work on"
- Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)"
- Answer "Yes" to the question "Did You Have Any of These Types of Income?"
- Click "I'll Type it Myself"
- Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc." and check "I need to prepare a substitute 1099-R"
- Fill out Form 1099-R box 1 distribution amount, box 2a blank, Check the “Taxable amount not determined” box in box 2b and enter code J in box 7
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April 5, 2023
6:02 AM