1099-R Issue TurboTax 2020

Forum|Forum|6 years ago
January 11, 2020
3 replies
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I have 4 different 1099-R's.

Codes

1. H

2. B

3. G

4. 7

When I put a date (it does not matter if the date is more or less than 5 years) in box 11 for the 1099-R that has code B it doubles the taxable amount calculation for the 1099-R Code H. How can I fix this?

TurboTax Deluxe Windows

NCperson

Level 15

i think the issue is simpler than you state, but i do think there is an issue/

I dummied a tax return with a number of 1099-Rs already loaded. I used '7' - normal distribution code.

but when i added an additional 1009R with a code H assuming $10,000 of gross distribution and zero for taxable, line 4c on form 1040 correctly added $10,000 but line 4d added $19,001 - since this is a rollover, there should be no taxable impact. TT never asked me the question, 'what did you do with the money'.

I replicated the issue with just the code H -

I did separately change the H to a B and I got the question, what did i do with the money. it never asked me for a date; TT didn't charge tax on this distribution, which is correct (other than it didn't ask about the 5 year rule)

so it looks like the issue is with Code H.

suggest calling TT on Monday - maybe the moderator will see this??????

ScalleyMonkAuthor

Level 2

Correction it is the 1099-R with code G that the taxable amount was doubled.

Code H 1099-R are not taxable.

Also if I remove date from Box 11 on the 1099-R with the code B the 1099-R with code G is taxed correctly

dmertz

Level 15

As far as I know, box 11 is informational only and this entry is not used by TurboTax in any way.

To figure out what is happening, I think it would be necessary to know the details of boxes 1 through 11 of each of the four Forms 1099-R and what you did with each of the distributions. It would also be necessary to know if you are under age 59½ (I suspect not since you have a code 7 Form 1099-R), between age 59½ and 70½, or over age 70½.

Are you entering actual Forms 1099-R or are you guessing at what they will be and have not yet received them? Unless you are extremely familiar with these forms, guessing at their details is subject to error and may produce odd results if the details are not correct.

Since this is a public forum, you might choose not to provide the exact dollar amounts from the forms but the dollar amounts that you provide must be representative of the actual amounts on the forms. For example, you might want to divide all of the dollar amounts that you post here by some constant value like 5 or 10 (without posting the divisor that you use so that nobody can reverse the calculations and determine the actual amounts).

NCperson

Level 15

while I stated "box 11" above; I really used box 7 for the code; I did not populate box 11

@dmertz - I was able to replicate the error simply by filling in Box 1 ($10,000), 2a ($0) and 7 (H)

mattphil81

Level 2

My issue is turbotax doesn't seem to have any form 1099-R only find Mis, Int Div. I have to report several items such as retirement income and dividends that use -R

sls50211

Level 9

If you are using TurboTax online, after you have logged in and are in your return in TurboTax Online:

Go to Search at the top of the screen.
Enter Form 1099-R in the search box.
You will see a Jump To function that will take you to the 1099-R input screens.
Then add a new 1099R and manually enter your 1099R.

At the financial services screens, click "Change how I enter my form" then "Type it myself"

The 1099 Series are informational reporting forms submitted to the IRS by third parties. The IRS then matches the form information to your tax return to insure all income is reported and taxed. If you do not include a 1099 received from a third party on your tax return, you will receive a notice from the IRS asking why. This is the CP2000 matching notice. If you receive this notice from the IRS, make sure and respond by the date indicate on the notice.