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Retirement tax questions
If you did not include the $202.33 on your 2023 tax return, you must amend. When preparing the amendment in 2023 TurboTax, entering the code-PJ 2023 Form 1099-R and indicating that the form is a 2024 form, 2023 TurboTax will include the $202.33 as an increase to your 2023 taxable income and will calculate the additional tax due.
Entering this Form 1099-R into 2024 TurboTax will cause 2024 TurboTax to remind you that the taxable amount was reportable on your 2023 tax return. Only if the form shows tax withholding will 2024 TurboTax do anything else with the information on this form. Tax withholding always applies to the year of the form despite the income in this case being taxable on the previous year's tax return.
‎February 9, 2025
10:32 AM
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