Help!! My return is incorrect!

[DoninGA]

To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/

When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state. 

This will take you back to the 2021 online tax return.

Click on Federal

Click on Wages & Income

Scroll down to Retirement Plans and Social Security

On IRA, 401(k), Pension Plan Withdrawals (1099-R), click on the Start or Revisit button

On the screen Did you get a 1099-R in 2021? Click on NO, if you did not receive a 2021 Form 1099-R

If you had a Covid-19 related distribution in 2020 and selected to spread the distribution over 3 years -

Answer Yes when asked Have you ever taken a disaster distribution before 2021?

Answer Yes when asked if you took a Qualified 2020 Disaster Distribution

[DoninGA]

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@Lucy03 wrote:

You have been SO helpful.  My problem is that I have a retirement IRA that was NOT touched for Covid relief.  However, I had another IRA that was used. When I reviewed my return, it used my first retirement IRA as the info. The numbers are all wrong! How do I pay back the 1/3 for the other IRA that is not listed as a 1099 R form? 

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Are you referring to withdrawals made in 2020 or in 2021?  The IRA that was used for the 3 year distribution spread had to be distributed in 2020 and reported on your 2020 tax return using Form 8915-E.

The other IRA distribution, what tax year was the distribution made?

[DoninGA]

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@Lucy03 wrote:

I was able to delete the incorrect info!! Now, how do I enter paying the taxes on the 1/3 of the other IRA when there is no 1099 R form for it? It asked me all the Disaster Retirement questions but it thought it was for the IRA I had a 1099 R for. This was a separate IRA. I am once more stuck in filing!

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All the federal income taxes withheld from the 2020 distribution were entered on the 2020 federal tax return as a tax payment.

The income taxes withheld for the 2020 distribution cannot be spread over 3 years.

[DoninGA]

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@Lucy03 wrote:

I'm going to try this one more time before I give UP!

Currently I am a retired educator with an IRA retirement plan. I have NOT taken Covid funds from this account.

I have another IRA from Fidelity. I took a certain amount out of this IRA in 2020. I have a 1099 R form from 2020 showing the amount I took out. I also have the 8915 E form showing how I spread the taxes on it over 3 years. I paid 1/3  the taxes last year. 

Turbo Tax asked me: Have you ever taken a disaster distribution before 2021? I said YES. Then it asked me for the info from my 8915 E form. I filled this all out.

However, when I went to print out my tax return, all the information/numbers from my education IRA retirement form was on the 8915 F form NOT the Fidelity information. 

There is NO question about about whether or not I have a 1099 R. It just jumps right to the one 1099 R that is NOT related to my withdrawal in 2020. What am I doing wrong?

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For the retirement IRA, did you enter that on the 2021 tax return?  If you did and it was not for 2021 then that Form 1099-R has to be deleted.

Otherwise, when you started the 2021 return and had two Form 1099-R's from 2020, those transferred to the 2021 return so all you need to do is delete the retirement 1099-R.

If using the online editions -

Click on Tax Tools on the left side of the online program screen

Click on Tools

Click on Delete a form

If using the desktop editions, click on Forms.  Open the retirement form 1099-R and delete the form.

[DoninGA]

@Lucy03 If I misstated which Form 1099-R to delete, my apologies.  In other words, delete the Form 1099-R that was NOT used for the 2020 distribution to be spread over 3 years.