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How do I override an entry?


@Bianco wrote:

I have entered 1099 r as taxable in Box 1 & 2 but 1040 is reducing the  amount taxable, it should not?


Are you saying the amount in box 2a on the Form 1099-R is not the same amount that is on the Form 1040 on either Line 4b or Line 5b?

BillM223
Expert Alumni

How do I override an entry?

1. Why do you think that the amount on the 1040 is not the correct taxable amount?

 

2. After you entered the 1099-R data, did you go through an interview asking a series of questions about when the pension/annuity started, how many payments you have received, and a number of other questions that seemed irrelevant?

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tcondon21
Returning Member

How do I override an entry?

I have a small RMD from an inherited IRA but that income (even though it appears properly input) is not landing on line 4b as a taxable amount.  Right clicking on it and selecting Override doesn't work. When I highlight line 4b and click "Control D" nothing happens.

dmertz
Level 15

How do I override an entry?

A Form 1099-R for a distribution from an inherited traditional IRA will have the gross amount in boxes 1 and 2a, box 2b Taxable amount determined marked, code 4 in box 7 and the IRA/SEP/SIMPLE box marked.  When asked, you must answer Yes when presented with the poorly worded question asking if you inherited the IRA from [Financial Institution].

 

If the IRA/SEP/SIMPLE box is not marked, the distribution is from some kind of account other than a traditional IRA.

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