topic how to enter 1099-R estimates in TT 2024? I got the recommendation from the Community to enter the following on a form 1099-R..... in Retirement tax questions

how to enter 1099-R estimates in TT 2024? I got the recommendation from the Community to enter the following on a form 1099-R.....

81rxv1te — Thu, 12 Feb 2026 04:15:26 GMT

Re: Hello, Can't figure out how to input the 1099-R form in TT 2024. It says that it will not be ready till Jan 11 2025. Was advised by community that I can search forms. If you find form 1099R put the amount in box 1 and 2a. Put a 7 in box 7 for the code. Are you under 59 1/2? I am 61yo. Once entered there no calculations are performed. Did I miss a button or selection to make the form active or have to submit the updated form to the Desktop app? Many thanks and happy holidays!

Re: how to enter 1099-R estimates in TT 2024? I got the recommendation from the Community to enter the following on a form 1099-R.....

Bsch4477 — Tue, 24 Dec 2024 20:48:31 GMT

You can’t do it with the online version. In the desktop version you can go to forms mode and enter your data.

Re: how to enter 1099-R estimates in TT 2024? I got the recommendation from the Community to enter the following on a form 1099-R.....

81rxv1te — Tue, 24 Dec 2024 21:15:56 GMT

Hello!

Thanks so much for your quick reply! I do have the desktop version and have entered the amount based on what I have received for the 12 months - I am confident that I have the good estimate! I think I just need to enter the withholding about in the box: 4? Would that be correct?

I was told earlier to enter a code in box 7, so I entered 7 for Normal Distribution. Just a quick question about box 2b as there are two boxes:

"Taxable amount not determined" AND

"Total distribution"

Not sure what that is but was advised to check - do I check one or both? This is for my 403b monthly withdrawals for the last year. Many thanks and happy holidays!

Re: how to enter 1099-R estimates in TT 2024? I got the recommendation from the Community to enter the following on a form 1099-R.....

VolvoGirl — Tue, 24 Dec 2024 21:22:01 GMT

Yes enter the federal withholding into box 4. Did you have a 1099R for 2023 from the 403b? You can copy the info in that one changing the amounts of course. You can leave both those boxes unchecked.

Re: how to enter 1099-R estimates in TT 2024? I got the recommendation from the Community to enter the following on a form 1099-R.....

81rxv1te — Tue, 24 Dec 2024 22:10:06 GMT

Hi there again VolvoGirl,

Thanks again for your replay..appreciate your efforts just before X-mas! I did have to use my 403B last year but unfortunately have been using AARP to do my returns and didn't learn anything until now. So I will enter the values that I can see from my statements to arrive at the gross distribution on line 1 and the Federal income tax on box 4. I now see the "! FORM 1099-R (with Company Name)" on the left pane. Glad to have you help me enter the values so I can get a better handle on how much emergency funds I can take out this year. I didn't know I can do that. I am assuming if my estimate are close, I should be able to take out enough to cover this coming year's added expense so this really helps! I didn't know the difference between the desktop, online, app products. Was challenging since I did't know I can look "under the hood" to get to a form. Assuming I understand everything to date, I should be able to make estimates to figure out withdrawls to keep me in the 10-12% tax brackets? And finally, Should I assume NEXT year's 2025 Standard Deduction rules will be similar or are there expiring tax laws in the following years? Enjoy the holiday with Family and Friends!

Re: how to enter 1099-R estimates in TT 2024? I got the recommendation from the Community to enter the following on a form 1099-R.....

81rxv1te — Fri, 27 Dec 2024 16:42:20 GMT

Hello and thank you all again!

I am just finishing up and wanted to enter my wife's part work. I believe to make the estimate in the desktop version of TT 2024 she can fill in the form to enter her PT income of 10,000 and withholding tax. Will that give us a rough estimate of the taxes owed or refund? We are just looking for ball park estimate. Any ideal which boxes to fill out? I think I saw the correct form but wanted to ask so I don't make a mistake! Many thanks and happy new year! I am finally getting how the program works....bye bye AARP!