DaveF1006
Expert Alumni

Retirement tax questions

Yes, you will need to complete the review process for all your 1099 R for the following reasons.

 

  1. Accuracy: Ensuring that all the information imported is correct helps prevent errors in your tax return. Mistakes can lead to delays in processing or even audits. 
  2. Completeness: Sometimes, not all data fields are imported correctly. Reviewing helps you catch any missing information.
  3. Follow-up Questions: TurboTax may have additional questions related to your 1099-R forms that need to be answered to complete your return accurately.

Mostly data imports may have missing or incomplete information and this is the main reason why each 1099 R needs to be review. Better to be safe than sorry.

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