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My IRA RMD amount is being entered on line 5-A instead of line 4-A of form 1040.How can i correct this?

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Accepted Solutions
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

My IRA RMD amount is being entered on line 5-A instead of line 4-A of form 1040.How can i correct this?

The marking of the IRA/SEP/SIMPLE box on the form 1099-R indicates whether the distribution is from a traditional IRA or is instead a distribution from an employer plan.  If the Form 1099-R provided by the payer does not have code J, T or Q in box 7 and the IRA/SEP/SIMPLE box is not marked, the distribution is not from an IRA and it belongs on line 5a/b not line 4a/b of Form 1040.  If the form provided by the payer has the IRS/SEP/SIMPLE box marked, go back an correct your marking of that box on TurboTax's 1099-R form.

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1 Reply
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

My IRA RMD amount is being entered on line 5-A instead of line 4-A of form 1040.How can i correct this?

The marking of the IRA/SEP/SIMPLE box on the form 1099-R indicates whether the distribution is from a traditional IRA or is instead a distribution from an employer plan.  If the Form 1099-R provided by the payer does not have code J, T or Q in box 7 and the IRA/SEP/SIMPLE box is not marked, the distribution is not from an IRA and it belongs on line 5a/b not line 4a/b of Form 1040.  If the form provided by the payer has the IRS/SEP/SIMPLE box marked, go back an correct your marking of that box on TurboTax's 1099-R form.

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