Should I expect another 1099r this year or use the one from last year?I took a CARES 401k withdrawal in 2020 . I am reporting it as income over a 3 year period.

[Jl63]

Mine is doing the same thing and I am positive I’m putting in all the right information. 

[JulieS]

Can you clarify your question?

When you say your is doing the same thing, which of the most posts above are you referring to?

[Jl63]

@JulieS  yes, thank you, I was referring to the post about the 401k section still says it ‘needs reviewed’ after I follow all the steps posted above and answer all the questions just as stated above.  

[DoninGA]

@Jl63 You are being asked to Review the Form 1099-R because you answered Yes to the question  Did you take a disaster distribution at any time between 2018 and 2020? when you should have answered NO if you have already completed the entry of the 2020 Coronavirus-related distribution and you selected to spread the distribution over three years.

Scroll down to the bottom of the Wages & Income page and click on Wrap up income

On the screen Did you take a disaster distribution at any time between 2018 and 2020?

Answer NO since you have already completed the entering the 1/3 of the 2020 distribution.

[Jl63]

@DoninGA  Ok, I tried that, and it looks like it went through the 1/3 is showing up in my income.  I will file and see what happens!

[christinabebensee]

It's looping back for me as well, saying "Needs Review" under the IRA/401(k), Pension Plan Withdrawals (1099-R) field of wages/income. It's supposed to add in $33,333, but nothing is getting added to the income. It just wants me to move on to state taxes. Please help! 

[DoninGA]

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@christinabebensee wrote:

It's looping back for me as well, saying "Needs Review" under the IRA/401(k), Pension Plan Withdrawals (1099-R) field of wages/income. It's supposed to add in $33,333, but nothing is getting added to the income. It just wants me to move on to state taxes. Please help! 

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Did you follow this procedure as written?

You must go to the Retirement Income section of the program for a Form 1099-R to be able to enter your 2nd year of the 2020 distribution -

Click on Federal

Click on Wages & Income

Scroll down to Retirement Plans and Social Security

On IRA, 401(k), Pension Plan Withdrawals (1099-R), click on the Start or Revisit button

On the screen Did you get a 1099-R in 2021? Click on NO, if you did not receive a 2021 Form 1099-R in 2022

If there is a Form 1099-R listed on the screen Your 1099-R Entries and you did Not enter a 2021 Form 1099-R then delete the form listed.

Answer Yes when asked Have you ever taken a disaster distribution before 2021?

Answer Yes when asked if you took a Qualified 2020 Disaster Distribution

Check the box that this was a Coronavirus-related distribution reported in 2020

In the box 2020 Form 8915-E, line 4, column b - Leave blank or enter a 0

This is not required on a Form 8915-F for a Coronavirus-related distribution

If the 2020 distribution was from an account that was Not an IRA

Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 9

2020 Form 8915E, line 9, if you checked the box on that line, enter 0

2020 Form 8915E Line 9 

If the 2020 distribution was from an IRA account

Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 17

2020 Form 8915E, line 17, if you checked the box on that line, enter 0

2020 Form 8915E Line 17 

Do not enter anything in the other boxes, leave them blank (empty) or enter a 0

The 1/3 of the amount from the 2020 distribution will be entered on the 2021 Form 1040 Line 4b if from an IRA or on Line 5b if from a retirement plan other than an IRA

After completing the Wages & Income section you will land on a screen Did you take a disaster distribution at any time between 2018 and 2020?

Answer NO since you have already completed the entering the 1/3 of the 2020 distribution.

You can view your Form 1040 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Using the desktop editions click on Forms.  Open the Form 1040

You should not receive the "Needs Review" in the Federal Review section if -

You Leave blank or enter a 0 in the box for 2020 Form 8915-E, line 4, column b

[christinabebensee]

Thank you so much!! I appreciate your speed in replying during this stressful time. 

I checked the 1040 preview and the distribution amount was added in there. 

BUT what do I need to put for the "Pension or Annuity Adjustments" on the California State taxes? It's asking to fill in boxes for Subtraction or Addition.