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Retirement tax questions
@DanaB27 In looking at the 1099-R inside TurboTax for the 2024 tax return I noticed that in the step-by-step that the box 7 code P said "Return of contribution taxable in 2023" which I am not sure is correct. When I pull up the 1099-R form its a 2024 1099-R form, but the box in line A5 under "Verify Box 7 Distribution Codes" is checked. Line A5 box "Check box if there is a code P or R in box 7 and this is a year 2025 Form 1099-R".
I just want to make sure the 1099-R is set up correctly before I file.
‎April 2, 2025
9:02 AM