Using the 1099-R routine to input multiple entries. the system is not computing my total with holding correctly

Forum|Forum|6 years ago
January 29, 2020
3 replies
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TurboTax Deluxe Online

JohnB5677

Level 15

The 1099-R will show Federal Tax Withheld is in BOX 4. And State & Local taxes withholding in BOXES 12 & 15.

These withholding numbers have traditionally matched perfectly.

Please check these two things

You should first check what you posted.
Often BOX 2 is blank and the way you answer the questions will make a difference on the tax due.

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sueaosborn

Level 2

Box 13 and box 14 are numbered 14 and 15. it goes 14 15 14 15 16

sls50211

Level 9

The 2020 1099R changed format from the 2019 1099r form. Boxes 12-17 on the old 1099R are now boxes 14-19 on the new 2020 1099R.

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.