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?

244

Level 15

Jun 3, 2019 1:55:33 PM

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.

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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?