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If the $ amount in my 1099-R Box 1 is numerically greater than the Box 14 amount, why have I received a TT warning that the Box 14 amount cannot be greater than Box 1?

The 1099-R amounts and info imported by TT are correct as they appear on screen. Therefore editing or re-import of the form doesn't appear necessary. The TT warning appears to be false.
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2 Replies
TomK2023
Expert Alumni

If the $ amount in my 1099-R Box 1 is numerically greater than the Box 14 amount, why have I received a TT warning that the Box 14 amount cannot be greater than Box 1?

The error "flag" that "Box 14 can't be bigger than Box 1" may have been caused by residual data or a mapping glitch while importing your 1099-R.

 

Typical issues may be::

  1. There may be hidden fractional cents (e.g., $58.007) during import that are triggering a mathematical "greater than"  flag.
  2. Multiple lines for Box 14 (perhaps for two different states), may have been added together incorrectly or fails to compere the total against Box 1.
  3. Occasionally, the "Total State Distribution" (often associated with Box 14/16) gets swapped or doubled during the import process from your financial institution.

You can try these options to fix the issue:

  1. Click into Box 1, delete the amount, and manually type it back in. Do the same for Box 14.
  2. If Box 16 was imported as $0 or left blank, the program may be comparing Box 14 to Box 16 instead of Box 1.  Make dure that Box 16 matches the amount in Box 1.
  3. If the manual overwrite fails, the "hidden" data was likely corrupted (when it was transmitted by your financial institution).   Delete the 1099-R entirely from the "Income & Expenses" summary, and then Manually type it in rather than importing.
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If the $ amount in my 1099-R Box 1 is numerically greater than the Box 14 amount, why have I received a TT warning that the Box 14 amount cannot be greater than Box 1?

Thanks but one of the three suggestions didn’t apply (only one state) and the other two didn’t make a difference in the outcome.

 

I generated a draft final of the 1040 return along with worksheets.  I found no indication the warning resulted in an incorrect reported amount.  I’m going to ignore it.  

I’ve moved on to an another challenge: Form 1116.

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