For latest TurboTax release, 1099-R entries are not translating properly to the 1040 form

[stephens1111]

I see two issues.  (1) A 401k normal distribution is listed in the 5a Pensions and annuities total.  Pension payments total just $22350.  (2) 5a lists amount of $97351 and 5b lists taxable amount of $164018.  Has anyone seen this issue.

[DanaB27]

Yes, 401k distributions will be entered on line 5 of Form 1040.

Please verify that there aren't any other Form 1099-R entries:

1. Click "Wages & Income" (under Federal) on the left
2. Scroll down and click "Show more" next to "Retirement Plans and Social Security"
3. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)"
4. Delete incorrect forms if necessary. 

Did you have a Covid distribution in 2020 spread over 3 years?

If this doesn't solve the issue it would be helpful to have a TurboTax ".tax2022" file that is experiencing this issue. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Online: 

1. From the left menu select Tax Tools. 
2. Then select Tools below Tax Tools. 
3. A window will pop up which says Tools Center.  
4. On this screen, select Share my file with Agent. 
5. You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number. 
6. Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.  

The instructions for TurboTax Download: 

1. On your menu bar at the very top, click "Online"
2. Select "Send Tax File to Agent"  
3. Click "Send"
4. The pop-up will have a token number
5. Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.  

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.

[SteamTrain]

Yeah...on the surface of it, it does look screwy....

1) ..but, does the $164k in line 5b look to be approx. correct? Some of the IRS rules are screwy, where sometimes the Distribution is not included in line 5a if it's all taxable.  We all wish that the IRS would just make it a rule to always include the gross distribution in 5a, and stop confusing us all.

...OR...

2)  Any chance you had a Covid19 Disaster distribution a couple years ago where you are reporting 1/3 of it this year?  (I'm not sure how that is recorded&displayed, not having that situation myself)

...OR....

3)  Let us know what is in boxes 1 and 2a, and box 7 code  of each 1099-R, and we can test to see what happens. IF 2a is blank or not determined (or CSA- or CSF-1099-R from OPM), then even that may not be enough to test out.   IF a rollover was done with any (to IRA or Roth IRA??), then that info is critical too.

...OR...

4) Diagnostic file...as @DanaB27 suggested, to let the TTX staff look at it.

..OR..

5) Delete all 1099-R forms and start over?

_______________

Also, if using Desktop/download software...hope you are not making your entries on the 1099-R in Forms Mode....messing around in the area below box 19, while in Forms Mode, can result in unintended consequences unless you are a fully knowledgeable expert about what entries are really required "down there".

[stephens1111]

I did have a year 2020 Covid withdraw with taxes spread over 2020, 2021, and 2022.  This withdraw is not listed under 5a pensions and annuities but is added in for the 5b taxable amount.  This taxable amount was too large because I did not follow the instructions correctly.  I was looking at the 2021 entries which indicated form lines from 2020.  The instructions said to go to the 2021 form directly.  After I followed the instructions, the 5b taxable amount is now correct.  By the way, the form to report 2020 Covid withdraw is not available until March.  So problem solved for now.