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The page I am on says "Explain the Return of an IRA Contribution". I didn't yet it says I said I did. Where do I correct that?

 
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3 Replies
DanaB27
Employee Tax Expert

The page I am on says "Explain the Return of an IRA Contribution". I didn't yet it says I said I did. Where do I correct that?

Did you enter a 1099-R 2020 with either code 8 or create a 1099-R 2021 with code P? This will trigger the "Explain the Return of an IRA Contribution" statement  page. If you did not withdraw a 2020 contribution then please check your 1099-R entries:

 

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “1099-R”
  3. Click on “Jump to 1099-R”
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The page I am on says "Explain the Return of an IRA Contribution". I didn't yet it says I said I did. Where do I correct that?

what ever you did do, enter that.

be brief.

Include dates and amounts.

OR

enter "No Comment".

dmertz
Level 15

The page I am on says "Explain the Return of an IRA Contribution". I didn't yet it says I said I did. Where do I correct that?

You have not entered the Form 1099-R exactly as provided by the payer.  Assuming that this is a distribution from an IRA (IRA/SEP/SIMPLE box marked), box 2a must contain the same value as is in box 1.

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