DanaB27
Expert Alumni

Retirement tax questions

You can indicate the year in the follow-up question therefore you still select code P and ignore that its states "taxable in 2022".

 

  1. Click on the "Search" on the top right and type “1099-R” 
  2. Click on “Jump to 1099-R”
  3. Enter the Form 1099-R with code P and J
  4. On the "Which year on Form 1099-R" screen say that this is a 2024 Form 1099-R.
  5. On the "Your 1099-R Entries" screen and add the second Form 1099-R and repeat above steps.
  6. Click "Continue" after all 1099-R are entered.
  7. Continue until "Did you use your IRA to pay for any of these expenses?" screen and enter the amount of earnings from box 2a under "Corrective distributions made before the due date of the return".

 

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