- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I too am trying to enter a 1099-R for an inherited annuity. I entered codes 4 & D for box 7 and the second value for box 7 as that is what is on the form. The stumbling block seems to be that Turbotax won't allow its own advice. In the following screen snip you can see turbotax saying, "Type of account should not be selected". However clicking 'No Entry' does not clear the type of account entry on the form. Then when it is saved it won't pass validation as the "type of account should not be selected", but selecting "No Entry" doesn't really change anything. Seems like a straight forward software problem as selecting 'No Entry' should clear all three buttons in the "Type of account", but it doesn't. Or the choice 'Other' should be accepted for everything not an IRA or 403. I have tried some of the recommended workarounds and while some may work they all seem like knowingly putting an error or fib on a federal form. Never the best thing to do.