I've entered a 1099-R for an Inherited IRA and entered all of the responses.
Despite that, it is still being flagged as "Needs Reviewed."
I've read in a different thread that the 1099-R entries are being flagged as needing a review. So perhaps this will work itself out in an upcoming release of the online product.
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If your 1099-R for an Inherited IRA is flagged as "Needs Reviewed," it could be due to the tax rules surrounding inherited IRAs.
TurboTax may flag these entries to help ensure compliance with IRS regulations, especially for distributions. The Distribution Code in Box 7 is important. If there are any errors or problems here, like an incorrect or missing code, the review may be triggered.
Here’s a step-by-step solution to resolve it:
Review this TurboTax link about inherited IRAs for additional information.
If your 1099-R for an Inherited IRA is flagged as "Needs Reviewed," it could be due to the tax rules surrounding inherited IRAs.
TurboTax may flag these entries to help ensure compliance with IRS regulations, especially for distributions. The Distribution Code in Box 7 is important. If there are any errors or problems here, like an incorrect or missing code, the review may be triggered.
Here’s a step-by-step solution to resolve it:
Review this TurboTax link about inherited IRAs for additional information.
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