how to enter 1099-R estimates in TT 2024? I got the recommendation from the Community to enter the following on a form 1099-R.....

Forum|Forum|1 year ago
December 24, 2024
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Re: Hello, Can't figure out how to input the 1099-R form in TT 2024. It says that it will not be ready till Jan 11 2025. Was advised by community that I can search forms. If you find form 1099R put the amount in box 1 and 2a. Put a 7 in box 7 for the code. Are you under 59 1/2? I am 61yo. Once entered there no calculations are performed. Did I miss a button or selection to make the form active or have to submit the updated form to the Desktop app? Many thanks and happy holidays!

Bsch4477

Employee

You can’t do it with the online version. In the desktop version you can go to forms mode and enter your data.

81rxv1teAuthor

Hello!

Thanks so much for your quick reply! I do have the desktop version and have entered the amount based on what I have received for the 12 months - I am confident that I have the good estimate! I think I just need to enter the withholding about in the box: 4? Would that be correct?

I was told earlier to enter a code in box 7, so I entered 7 for Normal Distribution. Just a quick question about box 2b as there are two boxes:

"Taxable amount not determined" AND

"Total distribution"

Not sure what that is but was advised to check - do I check one or both? This is for my 403b monthly withdrawals for the last year. Many thanks and happy holidays!

VolvoGirl

Employee

Yes enter the federal withholding into box 4. Did you have a 1099R for 2023 from the 403b? You can copy the info in that one changing the amounts of course. You can leave both those boxes unchecked.