topic Re: IRA distribution discrepancy in State tax filing

IRA distribution discrepancy

kfsj — Tue, 15 Apr 2025 22:06:40 GMT

I took a traditional IRA distribution and entered the information from the 1099R that I received into a TT 1099R form. Everything looks good there, but the 1040/1040SR Worksheet and the 1040 form itself both show that I took a distribution that is about 17% larger than the actual distribution that was in the 1099R. The actual distribution amount is way more than my RMD. How do I get the1040 to reflect the correct amount?

Re: IRA distribution discrepancy

DanaB27 — Tue, 15 Apr 2025 22:23:01 GMT

Please check your Form 1099-R entries:

Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R”

Re: IRA distribution discrepancy

kfsj — Sat, 19 Apr 2025 22:46:18 GMT

Thank you for the response.

Unfortunately, that is what I have done numerous times without success. The problem is that the 1099R shows one amount, and when that value is transferred to the 1040, the amount is 17% larger. I did have a second 1099R listed in my return, but I deleted it as it was a duplicate of the remaining one, which has the problem. The 1040/1040SR worksheet also lists the inflated value, not the correct value from the 1099R. I navigate to these forms using the magnifying glass icon on the amounts in the 1040 and then the 1040 worksheet to dive into the source value in the 1099R.

Re: IRA distribution discrepancy

fanfare — Mon, 21 Apr 2025 00:06:35 GMT

what is the taxable amount on Line 4b if you delete that troublesome 1099-R.

If positive, what does that tell you ?

@kfsj

Re: IRA distribution discrepancy

kfsj — Mon, 21 Apr 2025 07:18:04 GMT

Thank you for the reply.

I had not thought about that as a means of troubleshooting this problem. If I click the magnifying glass on the 1040 amount, it opens that same amount on line 4b of the 1040/1040SR worksheet. If I hit the magnifying glass icon on that value, a popup window to "Add Form 1099-R" opens and asks me if I want to create a new copy,

So it seems like it has a value that it thinks is there. I am not sure where that value comes from since it does not match the actual 1099-R value that I am trying to enter. In any case, TT thinks there is an existing value that is not linked to any source data.

Re: IRA distribution discrepancy

fanfare — Mon, 21 Apr 2025 10:59:34 GMT

If you don't see a dangling 1099-R from last year, or a way to clear that unwanted amount without an override, you have to delete your tax return and start again from scratch.

check for 1099-R(s) to be deleted when you import last year's return.

@kfsj

Re: IRA distribution discrepancy

NCperson — Mon, 21 Apr 2025 11:39:35 GMT

@kfsj - what is in Box 2a for Form 1099-R? what is in Box 4b of form 1040?

do they match? if they do, you are fine.

Re: IRA distribution discrepancy

kfsj — Mon, 21 Apr 2025 18:33:38 GMT

fanfare, looks like I'll have to give that a try.

Thanks

Re: IRA distribution discrepancy

kfsj — Mon, 21 Apr 2025 18:32:44 GMT

NCperson, thanks for the reply.

After deleting the original 1099-R, there is no 1099-R that I can find in my return. When I click on the magnifying glass icon for the value in the 1040/1040SR worksheet, a popup window appears asking me if I want to create a new copy. If I go ahead and create that new copy, the value that is then populated in my 1040/1040SR worksheet and 1040 form is still the inflated value that is larger than the value in the 1099-R that I just entered. The value of the "phantom" 1099-R is still included in the inflated values in my 1040/1040SR worksheet and 1040 form. I can't seem to remove this "phantom" 1099-R value from my return.

Re: IRA distribution discrepancy

VolvoGirl — Mon, 21 Apr 2025 19:14:09 GMT

Check the actual 1040. Line 4b is larger than 1099R box 2a. Is 4b larger than box 1? What code is in box 7? And you only have 1 1099R ? Did you try deleting all 1099R forms? And you still have an amount on 4b? Try deleting all 1099R then enter it again MANUALLY. That usually fixes it especially if you imported it.

Re: IRA distribution discrepancy

kfsj — Mon, 21 Apr 2025 22:02:40 GMT

Thanks for the reply.

That is precisely what I did. The phantom amount remained even after I had removed the 1099R and that "phantom" value remained on the 1040/SR worksheet and 1040 form even after the only 1099R was removed. Furthermore, the phantom amount was added to the 1099R value that I manually re-entered, taking me back to square one.

I have always only been able to enter 1099R's from this source manually as they are IRA custodians, and are not brought up when I enter their name to try to electronically enter their 1099R's.

Re: IRA distribution discrepancy

DawnC — Wed, 23 Apr 2025 18:29:53 GMT

Right-click on the amount on line 4b of the 1040 wks. Are there any supporting details or overrides attached to that field?

Re: IRA distribution discrepancy

kfsj — Wed, 23 Apr 2025 21:26:56 GMT

Thank you for your reply.

After removing the one 1099R from the return, there is still a phantom value in the1040 wks, line 4b. If I right-click on the 4b field, all of the choices except Copy, QuickZoom, Data Source, and About Taxable IRAs are greyed out. If I click on QuickZoom, a pop-up Open Form window opens titled Add Form 1099-R with a field labeled "Create new copy. Enter the name of the payer of this 1099R." along with an Add Form button and a cancel button at the bottom of the window.

To me, this suggests that their is no underlying source data for this phantom value. Although I may not be remembering it from the past, I don't think that I have used this phantom value, 7,333 ever before.

Re: IRA distribution discrepancy

RobertB4444 — Thu, 24 Apr 2025 14:18:41 GMT

Can you create the 1099-R? And then, after creating the 1099-R, go in and change the values on it to $0.01.

I'm not certain on this. I'm just thinking of ways around the program.

@kfsj