Retirement tax questions
I only have PJ and 8J 1099-Rs. There's no Q code.
If I click through to the actual 5329 worksheet, that section says:
"Qualified retirement plan (including an IRA)" ? So Qualified is correct..? But then the next screen says "other than an IRA" :
Also to clarify , this is the current situation:
- If I enter 8J 1099-R alone for money contributed and removed in 2024, Turbotax asks me what I used the IRA distribution for. I put $870 as a corrective distributon (2a taxable amount).
- If I enter PJ 1099-R alone for money contributed in 2023 and removed in early 2024, Turbotax says I need to amend my 2023 taxes. No problem.
- If I enter BOTH 1099-Rs (regardless of it it's at the same time, or 8J first, or PJ first..) I am then asked to "idenitfy the plan". If I went the way of 8J first (so I already told it about the $870), and am forced to click Qualified to move on, that $870 is already pre-filled in on the next screen. Is this correct?
