lump sum distribution error did not have one, no1099r

Forum|Forum|2 years ago
April 1, 2024
1 reply
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We did not get a lump sum distribution for 10 years. Now Turbo tax wants to fill out an lump sum credit. We did not get one and did not get a 1099R. Please help

TurboTax Home & Biz Windows

xmasbaby0

Level 15

Lump sum for what? Are you referring to a lump sum payment for Social Security? That would be on a SSA1099, not on a 1099R.

And ......did you take money out of a retirement account in 2023? If so, you should have a 1099R from the bank or financial institution that handles your retirement account.

Please clarify what you are asking about.

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mcostelloAuthor

Level 2

We took no lump sum distribution from any bank or anyone else. Social Security is a monthly payment as usual.We got no 1099R from anybody. Is there any way to ask the Government or Turbo Tax what it thinks We should have? Wife took a lump sum payment when She retired but that was 10 years ago or more. No mention of it as it went into an IRA.

mcostelloAuthor

Level 2

There is a box for lump sum distribution. I had it checked "no." Just for giggles I clicked it "yes" and waited a minute and clicked to back to "no" and it seemed to work. Now if Uncle Sam agrees.