- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
My 2020 tax return is prepared. There is an error on 1040 form page 1. line item 5a is correct, line item 5b is incorrect. How to correct this
I have not filed the tax return yet
Topics:
2 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
My 2020 tax return is prepared. There is an error on 1040 form page 1. line item 5a is correct, line item 5b is incorrect. How to correct this
The adjusted amount on line 5b depends on your 1099-R and how you answered the follow-up questions.
You need to go through the step-by-step interview again.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
My 2020 tax return is prepared. There is an error on 1040 form page 1. line item 5a is correct, line item 5b is incorrect. How to correct this
Why is 5b wrong? It should be the taxable amount of 5a. Is it too low or too high? Delete that 1099R and re enter it.
FYI - If you edit or review a 1099R it does not keep your answers from before but resets them to the defaults. Then you have to go through and answer them all again. So be sure to go all the way to the end of the 1099R section. They are right unless you go back.
Still have questions?
Make a post
Or browse the Forums