Did you enter a Form 1099-R as a W-2? That is not where a 1099-R is entered. Delete the W-2 that you entered.
To enter, edit or delete a form 1099-R -
Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button
Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R
On the screen Did you get a 1099-R in 2023? Click on Yes
On the next screen click on Continue
On the screen Let's import your tax info Click on Change how I enter my form
On the screen How do you want to add your 1099‑R? Click on Type it in myself
On the screen Who gave you a 1099-R? select the type of 1099-R you received and Continue
OK, I will try this although the form I was given looks exactly like a W-2 and not a 1099-R... If it makes any difference, the distribution was made because my previous employer terminated the 457(b) plan. Thanks for your help.
Yes I did. The form given certainly looks like a W-2 but I will try the other answer on entering it as a 1099-R. This "income" was from a terminated 457(b) plan, if that makes any difference.
Any federal taxes withheld in box 4 of the Form 1099-R will automatically be entered by the program on the Form 1040 Line 25b as a tax payment.
I'm trying to follow your suggestions and entering it as a 1099-R. However it wants a code: "Select a code that matches Box 7 on your 1099-R". Since this form is not really labeled as a 1099-R, there is no Box 7 with a code. This form I received has a box 7 for "Social Security Tips" (As mentioned before, it is a W-2...
@Websearcher wrote:
I'm trying to follow your suggestions and entering it as a 1099-R. However it wants a code: "Select a code that matches Box 7 on your 1099-R". Since this form is not really labeled as a 1099-R, there is no Box 7 with a code. This form I received has a box 7 for "Social Security Tips" (As mentioned before, it is a W-2...
If you really have a W-2 then any amount of federal income taxes withheld in box 2 of the W-2 will be automatically entered on the Form 1040 on Line 25a as a tax payment.