Re:1099-R , Distributions from Pensions, IRAs, etc. The program X'd Explanation Statement Smart Worksheet "return of prior year excess IRA contributions box," why?
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Re:1099-R , Distributions from Pensions, IRAs, etc. The program X'd Explanation Statement Smart Worksheet "return of prior year excess IRA contributions box," why?
I have never received a return of contributions; how do I get around this?
posted
June 3, 20191:55 PM
last updated
June 03, 20191:55 PM
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Re:1099-R , Distributions from Pensions, IRAs, etc. The program X'd Explanation Statement Smart Worksheet "return of prior year excess IRA contributions box," why?
It's likely that you mistakenly left box 2a blank on TurboTax's 1099-R form. A code 1, 2 or 7 Form 1099-R with the IRA/SEP/SIMPLE box marked must always have bx 2a equal to box 1 and have box 2b Taxable amount not determined marked.