amended return using form 4852

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I have to file an amended return since I had an incorrect 1099R from an annuity company. The company refuses to correct the 1099R so I have to file a form 4852. How do I do this in TT? Do I put the correct figures in on the 1099R and check the box that states this is a corrected 1099R? Obviously I will have to include the form 4852 when I submit my corrected return.

Anonymous_

Level 15

What is the TurboTax phone number? (intuit.com)

dmertz

Level 15

You do not mark the CORRECTED box on TurboTax's 1099-R form unless it was marked on the Form 1099-R that you are disputing. Enter the Form 1099-R as received except for the boxes in which you are substituting corrected values.

However, I haven't found any posts of yours where you mention why you believe that the Form 1099-R is erroneous. Forms 1099-R and the tax code associated with distributions reported on Forms 1099-R are complicated, so it's not uncommon for someone to believe that a Form 1099-R is erroneous when it is not. Perhaps it would be useful to explain here why you think that the reporting provided by the annuity company is incorrect.

mootzieAuthor

Level 4

The annuity company interpreted my financial advisor's request for total liquidation of the annuity as a 1035 rollover when in fact, it was simply a total distribution of funds. Therefore the 1099r stated that I had no tax liability (I wish). Neither company admits they did anything incorrectly. I requested a corrected 1099r from the annuity company, but they refuse. I have been in contact with the IRS. They sent the annuity company a request for an amended 1099r, but they have not issued one. I had already filed my taxes, so I need to file an amended return and add IRS Form 4852. I realize I will have to send this in rather than file the amended return electronically since TT doesn't support Form 4852, but I would like to do it through TT and print it out to send it in. But I don't know how to do it other than putting in the correct figures in the 1099r information and checking the corrected box.

dmertz

Level 15

When entering the Form 1099-R, there is a separate box to mark to indicate that you need to prepare a substitute Form 1099-R and after doing so TurboTax will ask you to provide explanation and will generate From 4852. This box is not the CORRECTED box. Do not mark the COORECTED box.