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February 19, 2021
Question

How do I fix the TurboTax assumption that my 2019 IRA withdrawal total is the same as my 2020 total (which is not correct)?

  • February 19, 2021
  • 1 reply
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How do I fix the TurboTax assumption that my 2019 IRA withdrawal total is the same as my 2020 total (which is not correct)?

1 reply

JohnB5677
February 21, 2021

If your 2020 income is the same as the 2019 and it's not supposed to be, you should first check and see what was posted.

  • Click "Wages & Income" on the top
  • Scroll down and click "Start or Edit/Add" next to "IRA, 401(k), Pension Plan Withdrawals (1099-R)" 
  • Answer "Yes" to the question "Did You Have Any of These Types of Income?"
  • Click "I'll Type it Myself"
  • Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
  • Click "Continue"
  • From here TurboTax will walk you through entering your Form 1099-R

If you could not edit the record and want to clear it out:

 

There are two ways to clear entries from your return.

 

  1. The first thing to try is to go into the section that has the form  (Less Common Income)
  2. select the entry that you want to clear. 
  3. On the right hand side there is a trash can. 
  4. Select the trash can and confirm you want to delete that form.

 To Delete a form:

  1. On the menu bar on the left that shows.
    1. My Info
    2. Federal
    3. State
    4. Review
    5. File
  2. Select Tax Tools
  3. On the drop down select Tools
  4. On the Pop-Up menu select Delete a Form
  5. This will give you all of the forms in your return
  6. Scroll down to the form you want to delete
  7. Select the Form
  8. Click on Delete.
  9. Always use extreme caution when deleting from your tax return.  There could be unintended consequences.
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