Hi Dana, I read your 13-steps for creating a 1099-R. In my situation, both federal and state taxes were withheld. Should I still follow these steps and enter the federal and state tax amounts? Or, follow the 13-steps and do not include the federal and state tax amounts that were withheld? If I wait until I receive the 2025 Form 1099-R in 2026 and amend my 2024 return, will I be penalized on the earnings since I didn't report them on my 2024 return?
