Yes, if yiu wan to avoid having to amend next year. You enter a 1099-R as above as "if" you had the 1099-R now, but ONLY if you have the necessary information. You don't pay twice, because wren the real 1099-R comes in 2020, you can ignore it since it was already reported.
If you prefer to wait until the real 1099-R comes, that is fine, but you will need to amend your 2018 tax retirn and report the real 1099-R exactally the same way.
(Note: if you already filed 2018, then it would be pointless to amend now - just wait for the 1099-R).
Enter a 1099-R here:
Federal Taxes,
Wages & Income
(I'll choose what I work on - if that screen comes up)
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).
OR Use the "Tools" menu (if online version left side) and then "Search Topics" for "1099-R" which will take you to the same place.
Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.
[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
