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Retirement tax questions
You will need to edit your 1099-R if you receive it and it does not match what is necessary.
If you receive a 1099-R in 2027 for the 2026 tax year that includes amounts that you have already reported on your 2025 tax return you will need to remove that amount from the 1099-R. You already reported it.
You can do that by just entering the correct code as though that P appeared in box 7. The TurboTax software has space for two codes in box 7. You'll enter that P even if it isn't there and the system will prompt you to enter the amount that was reported on the prior year's tax return. That way you aren't taxed on it next year.
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7 hours ago