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opitsb2018
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It is asking for information from a 1099-R and I don't have one. How to clear from Turbo Tax

Form 1099-R, Distributions from Pensions, IRAs, etc have yellow unfilled blocks.  I do not have a 1099-R to submit.  How to clear this?  It is holding up sending my taxes along with problems on line 38 through 41.  I have a negative adjusted gross income (yes I know- it's bad) and a positive standard deduction.  Line 41 subtracted the positive amount on line 40 instead of adding it making it an even higher negative balance.  Don't know what to do.

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2 Replies

It is asking for information from a 1099-R and I don't have one. How to clear from Turbo Tax

Line 38 is the same as Line 37  Per the IRS, If line 37 is less than zero, you may have a net operating loss that you can carry to another tax year. See the Instructions for Form 1045 for details.

It is asking for information from a 1099-R and I don't have one. How to clear from Turbo Tax

1)   Go to the 1099-R interview and delete any unneeded 1099-R.

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.


2)  Line 41 instructions:  "*Subtract*  line 40 from line 38".  A number *subtracted* from a negative number is a larger negative.   (-10 -10 = -20).   - line 40 is not added to 38 it is subtracted from 38.

**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.**

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