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Retirement tax questions
My situation is slightly different. I had an excess contribution in 2018 and found out in 2019. I had the excess removed in 2019, filed for an extension, and then filed 2018 using the info that would be on the 1099-R when I got it (this year). My Brothers tax guy helped me through it last year. Now I have the 2019 1099-R, so what to do with it. The tax guy says I cant just exclude it since that will be flagged at the IRS when they do their matching process for 1099-R 's. He says it has to be included but the amounts need to be 'adjusted off' since they were included on last years return. I need to know how that is done using Turbo Tax.
‎April 2, 2020
1:35 PM