retirement plan

Forum|Forum|6 years ago
May 17, 2020
1 reply
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Under the income category, the program forces me to record my Pensions-taxable under the title IRA Distributions-taxable. Therefore, in 2018 it shows I filed my Pension and 2019 it show I filed this income under IRA How do I fix this?

Technical Help

Best answer by macuser_22

@SKY820lee wrote:

Under the income category, the program forces me to record my Pensions-taxable under the title IRA Distributions-taxable. Therefore, in 2018 it shows I filed my Pension and 2019 it show I filed this income under IRA How do I fix this?

For 2018 all 1099-R income went on the 1040 line 4a & 4b whether it was an IRA or pension.

For 2019 IRA's go on the 1040 line 4a/4b and pensions go on lines 4c& 4d.

The IRA/SEP/SIMPLE box on the 1099-R determines which line.

What seems to be the problem?

macuser_22

Answer

Alumni - Champ

@SKY820lee wrote:

Under the income category, the program forces me to record my Pensions-taxable under the title IRA Distributions-taxable. Therefore, in 2018 it shows I filed my Pension and 2019 it show I filed this income under IRA How do I fix this?

For 2018 all 1099-R income went on the 1040 line 4a & 4b whether it was an IRA or pension.

For 2019 IRA's go on the 1040 line 4a/4b and pensions go on lines 4c& 4d.

The IRA/SEP/SIMPLE box on the 1099-R determines which line.

What seems to be the problem?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**