Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
cliffday0608
New Member

Retirement Distribution

 I received a 1099-R and entered that into the system. Why is Turbo Tax also asking for information from a 1099-B?

I do not have a 1099-B.

3 Replies
gloriah5200
Expert Alumni

Retirement Distribution

TurboTax would also ask about a 1099-B if your 1099-R had an entry in the box 6 on NUA (net unrealized appreciation in selling employer's stock as part of your retirement distribution) because it is not taxed until you do sell the stock.

 

 

cliffday0608
New Member

Retirement Distribution

Box 6 of my 1099-R is blank. I tried to go back and delete the 1099R data and then rerun the review. I still got 11 errors all related to a 1099-B.

 

It seems like some kind of flag within the system is set to ask for 1099-B data. Is there away to reset that?

gloriah5200
Expert Alumni

Retirement Distribution

A lot of changes were made to the TurboTax software and released on 2/19/21.

 

Please update your TurboTax version of the software and then go back into your return and correct any entries.

 

It may have just been asking there was a 1099-B associated with the 1099R.  If not, you should be able to say no, I did not get one and keep on going or respond with "skip it".

 

Please update if you are still having difficulties in this area.

Dynamic AdsDynamic Ads
Privacy Settings
v