To enter, edit or delete a form 1099-R -
Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button
Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R
On the screen Did you get a 1099-R in 2023? Click on Yes
On the next screen click on Continue
On the screen Let's import your tax info Click on Change how I enter my form
On the screen How do you want to add your 1099‑R? Click on Type it in myself
On the screen Who gave you a 1099-R? select the type of 1099-R you received and Continue
What is your question about 1099R?
Enter a 1099R under
Federal Taxes
Wages & Income
Then scroll way down to Retirement Plans and Social Security
Then IRA, 401(k), Pension Plan Withdrawals (1099-R) – Click Start
Don't type the bank name or try to import it.
At the bottom pick - Change How I enter my Form
Then on the next screen pick - I'll Type it in Myself
Please see my question and help
I have asked under tax amount not determined please help
I have invested my 401k money in Real estate trust via Custodian. The real estate company bankrupted - Now my custodian keep charging heavy fee for the bankrupted company. I have closed the account so Custodian company sent me 1099 R shows on box 1 and 2a same amount( e.g $100k) however they also checked box 2b taxable amount not determined and put code 1K- if I Do not change amount of 2a I have to pay almost 25k in taxes plus 10% of penalty of the money which I never received - Custodian comapany say once you close the account we can not change and send you new 1099R- How to use this situation so I Do not pay taxes ( almost 35k) on the money which I never received( I received $0)
I have invested 401k money in Real estate trust via Custodian. The real estate company bankrupted - Now my custodian keep charging heavy fee for the bankrupted company. I have closed the account so Custodian company sent me 1099 R shows on box 1 and 2a same amount( e.g $100k) however they also checked box 2b taxable amount not determined and put code 1K- if I Do not change amount of 2a I have to pay almost 25k in taxes plus 10% of penalty of the money which I never received - Custodian comapany say once you close the account we can not change and send you new 1099R- How to use this situation so I Do not pay taxes ( almost 35k) on the money which I never received( I received $0)