I changed my mind about doing an IRA recharacterization but Form 1040 Line 4a Explanation Statement is still showing. How do I get TurbotTax to update?

I want "STMT" removed from line 4A 1040 and the Explanation Statement with the recharacterization detail eliminated from my return.

517

Level 9

Mar 10, 2021 8:22:31 AM

If you are unable to remove STMT from line 4A on the 1040, you may need to use Forms mode. Please be aware, that using this mode could negate the 100% accuracy guarantee.

Here is how to switch to forms mode:

https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-switch-to-forms-mode-in-the-turbotax-for-windows-software/00/26246

You can also delete the 1099-R from the Deductions and credits section and begin again.

How do I view and delete forms in TurboTax Online?

Open or continue your return in TurboTax.
In the left menu, select Tax Tools and then Tools.
In the pop-up window Tool Center, choose Delete a form.
Select Delete next to the form/schedule/worksheet in the list and follow the instructions.

Here is a TurboTax article about IRA recharacterization.

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I changed my mind about doing an IRA recharacterization but Form 1040 Line 4a Explanation Statement is still showing. How do I get TurbotTax to update?