1099-R

Forum|Forum|5 years ago
March 31, 2021
5 replies
49 views

Why can't I put in my 1099-R info in turbo tax 2020. The system states that IRS hasn't put all the information needed to calculate . Is this true or am I doing something wrong.

JotikaT2

Alumni - Expert

You can enter your 1099-R into TurboTax by following the steps below.

Select Federal Taxes
Select Wages & Income
Select I'll choose what I work on
Select continue until you see Your 2020 Income Summary.
Scroll down until you see the section titled Retirement Plans and Social Security
Select update/start to the right of IRA, 401(k), Pension Plans (1099-R)
Enter your information as listed on your 1099-R form. Be sure to answer all of the questions as prompted.

If you are still having issues, please comment so we can assist you.

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dboshersAuthor

Level 2

I did everything you ask me to do and I still could not put in my 1099-R information.

I could not have my 1099-R info uploaded to turbo tax because they were not on the list to perform the function.

When I went to put them in manually, that is when I get the screen that states IRS has not put all info in .

Is there a problem with the disk I bought to do my taxes.

MarilynG

Level 15

@dboshers Your TurboTax desktop program may need to be manually updated for CARES Act Retirement Distribution changes.

Click 'Online' from the top menu, then choose 'Check for Updates'.

The newly enacted economic stimulus package allows those negatively affected by COVID-19 to borrow up to $100,000 from their 401(k) and IRAs without penalty.

It also allows the borrower to pay the taxes on that withdrawal over three years rather than all at once.

Click this link for more info on How to Enter 1099-R.

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