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Retirement tax questions
@Old11 wrote:
I am having the same problem. There is nothing in Box 3. The 1099-R is from a pension annuity. I believe that Turbo Tax’s prompt is looking for a value prior to the distribution but I never contributed to the pension. No value is deducted with each payment. My company guarantees the amount for each month that I survive
You should leave box 3 blank on the Form 1099-R. If the program is requiring an entry in box 3, delete the Form 1099-R and re-enter manually. That will clear the program error.
April 1, 2024
3:44 PM