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Retirement tax questions
@cube1 - TurboTax cannot fix what is the financial institutions error that issued a 1099-R with an invalid entry in box 9a.
Zero is not allowed. The box must be blank.
(Box 9a is only used if the box 1 amount was split between 2 or more payees and tells you what your share is. A "0" (zero) would indicate that the 1099-R is reporting your share of nothing, which would be nonsense.)
Some payers insist on putting zero in the box to indicate that it is not used, when they should leave it blank according to the 1099-R form rules. TurboTax follows the rules and complains if it is zero.
The IRS 1099-R form rules do not allow a zero in box 9a - any financial institution that puts in a zero is violating the form rules.
Zero is not allowed. The box must be blank.
(Box 9a is only used if the box 1 amount was split between 2 or more payees and tells you what your share is. A "0" (zero) would indicate that the 1099-R is reporting your share of nothing, which would be nonsense.)
Some payers insist on putting zero in the box to indicate that it is not used, when they should leave it blank according to the 1099-R form rules. TurboTax follows the rules and complains if it is zero.
The IRS 1099-R form rules do not allow a zero in box 9a - any financial institution that puts in a zero is violating the form rules.
**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.**
‎June 6, 2019
6:44 AM