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LPK1
Level 1

I am getting an error on my state return that says "Income taxed on form 4972-B must be entered" I do not have a form 4972B Is this a glitch in the program?

 
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2 Replies
MaryK4
Employee Tax Expert

I am getting an error on my state return that says "Income taxed on form 4972-B must be entered" I do not have a form 4972B Is this a glitch in the program?

See How do I view and delete forms in TurboTax Online?

 

When you take all of your money out of a tax-advantaged retirement plan, you'll typically have to pay taxes on your withdrawal, just as if it was ordinary income. If you have a large retirement plan balance, taking a lump-sum could trigger significant tax consequences. However, IRS Form 4972 allows you to claim preferential tax treatment if you meet a series of special requirements. 

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LPK1
Level 1

I am getting an error on my state return that says "Income taxed on form 4972-B must be entered" I do not have a form 4972B Is this a glitch in the program?

Mary thanks for your reply. I am aware of that. The problem is we had no withdrawals or boxes checked on any forms. Just have W2 and 1099 int and 1099 div. The program won’t allow me to enter a zero either. Very strange. 

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