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The wrong name shows up as to who made a rollover contribution on a joint NJ return. Can this be corrected and does it matter?

 
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The wrong name shows up as to who made a rollover contribution on a joint NJ return. Can this be corrected and does it matter?

Yes, it matters and yes it can be corrected.  The IRS has a matching program and will be looking for a 1099-R with the same name and identifying number as was reported to them on your return.

To correct this issue, please revisit your Federal return, Wages & Income tab. Scroll down to Retirement Plans and Social Security and then Show moreRevisit the subject IRA, 401(k), Pension Plan Withdrawals (1099-R) and edit the suspect 1099-R.  The first question is "Verify the Owner of This 1099-R."  Make sure the radio button is selected for the correct taxpayer.

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Level 2

The wrong name shows up as to who made a rollover contribution on a joint NJ return. Can this be corrected and does it matter?

Yes, it matters and yes it can be corrected.  The IRS has a matching program and will be looking for a 1099-R with the same name and identifying number as was reported to them on your return.

To correct this issue, please revisit your Federal return, Wages & Income tab. Scroll down to Retirement Plans and Social Security and then Show moreRevisit the subject IRA, 401(k), Pension Plan Withdrawals (1099-R) and edit the suspect 1099-R.  The first question is "Verify the Owner of This 1099-R."  Make sure the radio button is selected for the correct taxpayer.

View solution in original post

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