I received a 2018 1099-R for a 2017 Roth distribution.Taxable amount $.06 Box 7 code P, but in TT 2017 that code indicates 2016 distribution, so I can’t properly amend.

[benjaminokun]

Box 7 code P on the 2018 form (indicating a 2017 taxable distribution)  resulted in TT 2018 saying I needed to amend my 2017 return.  However, in TT 2017, when I go to add a 1099-R, code P indicates a 2016 distrubution.  So TT 2018 won’t allow me to add the 1099-R, and TT 2017 with code P indicates an incorrect 2016 distribution.   

[DanaB]

When you enter the 1099-R in your amendment return in 2017 there should be a follow-up question "Which year on Form 1099-R?" when you select 2018 TurboTax should include it correctly.

[benjaminokun]

Thanks but this did not work..turbotax 2018 gave me the option, as you said, of selecting 2018 or 2019...selecting 2018 resulted in the suggestions to amend my 2017 return.  

[DanaB]

When you amend your 2017 return then select the year 2018.

[benjaminokun]

I can't do that...in TT 2017 entering the correct code P on my 2018 form matches "2016 Taxable year distribution".     Thank you, I do appreciate your attention very much!

[benjaminokun]

ah, maybe my mistake is trying to amend using TT 2017...I will try in TT 2018.   

[macuser_22]

A 2018 1099-R with a code P must be reported on  an amended 2017 tax return - using the 2017 software is correct.  The "which year" question is after you enter the 1099-R so don't worry that it says on the entry screen that code P is 2016 - that will change to 2017 on the next screen.  However, if the taxable amount is only 6 cents, then ignore it since any amount less than 50 cents rounds to zero and zero taxable amount is not allowed.

[benjaminokun]

thank you.