1099-R for Annuity gets error during review

Forum|Forum|1 year ago
March 11, 2025
3 replies
0 views

When I import the 1099-R, it forces me to choose type of account as 403b or other, so I select other. When TurboTax hits the review stage, I get the error shown below. Changing the Account type to "No Entry" has no effect.

How do I fix this? I've tried deleting and reimporting the 1099-R to no avail.

Form 1099-R (NEW YORK LIFE INSURANCE & ANNUITY CORP. NY): Type of account should not be selected for this distribution.

No entry

( )Type of account - IRA

( )Type of account - 403b

(*) Type of account - Other

george.hetrickAuthor

Level 3

TurboTax seems to have issues with RMDs when looking at an annuity. I don't think RMDs even apply, but it forces questions about RMDs, and no answer seems to be satisfactory.

george.hetrickAuthor

Level 3

Oh, I should say this is using the TurboTax on the web, not the TurboTax app.

george.hetrickAuthor

Level 3

Ah, searching for "RMD Excess Accumulation Worksheet", I see this is a known bug. I just have to wait for a resolution.

LaceyL

Employee Tax Expert

If you have a non-qualified plan and TurboTax is asking about a 403(b) and you are getting an error:

mark 'No, it's another type of quailfied retirement plan'

enter your RMD or $0 if none

Go through the federal review

Check 'No entry' on the error that says Type of account should not be selected
It will still show Needs Review. Continue through the review
When it asks do you want to talk with an expert, click yes

On the next screen, click I changed my mind, or skip or whatever it says to not talk with an expert

You should be able to bypass the error and e-file your return.

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