How do I correct the Taxable IRA distribution worksheet

Forum|Forum|5 years ago
July 16, 2020
1 reply
0 views

No text available

TurboTax Premier Online

macuser_22

Alumni - Champ

By editing the 1099-R information if entered incorrectly.

What needs changing?

Enter a 1099-R here:

Federal Taxes,
Wages & Income
(I'll choose what I work on - if that screen comes up)
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR Use the "Tools" menu (if online version left side) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

jim-marceroAuthor

Level 2

Thank you so much for taking the time to reply. I've entered the 1099-R information correctly. In fact, I've deleted them entirely and re-entered them to see if it would resolve the issue. The error that I'm getting during the Review process reads as follows:

Check This Entry

Taxable IRA Distribution Worksheet -SP: Your calculations could not be completed: Reference code: 6-059-525.

The issue seems to be that the calculation was done on the 8606 itself (last year, Turbotax used the distribution worksheet to handle the calculation and transferred the result to the 8606). In this case, it would seem the Taxable IRA Distribution Worksheet is completely unnecessary, but it doesn't appear there's anything I can do about it - yet Turbotax won't allow me to e-file without the issue being resolved. Not sure if the 'reference code' has some secret meaning to somebody out there, but I couldn't find any information on it and haven't had success reaching a live person with Turbotax. Any ideas?

macuser_22

Alumni - Champ

Did you enter a new Traditional IRA contribution for 2019?

I assume the 1099-R has the IRA/SEP/SIMPLE box checked.

Do you have a non-deductible carry forward basis from line 14 on a prior 8606? Or enter basis?

If you are answering yes to the non-deductible basis question then be sure that the total 2019 year end value of all IRA accounts is entered.

Rather then edit the 1099-R I suggest totally deleting it.

If after deleting the 1099-R, the 8606 is still present, then also delete the "IRA Contributions worksheet" and the 8606 form.

Then re-enter and IRA contributions in the contributions section and then enter the 1099-R.

Delete the forms this way if using online - if using the CD/download version switch to the forms mode to delete.

https://ttlc.intuit.com/community/accessing/help/how-do-i-view-and-delete-forms-in-turbotax-online/01/25593?search-action-id=82173944173&search-result-uid=25593

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**