Question

IRA distributions not being picked up on return

Forum|Forum|2 years ago
April 7, 2024
1 reply
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I imported four 1099Rs from TRowe Price. All have the IRA box checked and all the follow-up questions were answered. These are not added to the return, causing my income to be underreported. I also have two other IRAs with the interview sheets filled out the same as the TRowe Price ones which have carried to the return.

How do I get these IRA distributions onto my return. Thank you.

D

DanaB27

To clarify, these were regular distributions and they do not show up on line 4 of Form 1040? What codes are in box 7?

You can try to delete them and enter them manually to see if this solves the issue:

Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R”
On the "Let's import your tax info" screen click "Change how I enter my form"
On the "How do you want to enter your 1099‑R?" screen click "Type it in myself"

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4

40beachAuthor

First of all, thank you to DanaB27 for the reply.

In answer to your questions, yes these are regular distributions, box 7 shown, and the box for IRA distributions is checked. (The information was imported from T Rowe Price.) They do appear on the Distributions from Pensions, IRAs, etc "Worksheet" produced as a form along with all my other 1099R distributions which are included on line 4 of the 1040.

I followed your suggestion to delete and manually reenter the four 1099Rs from T Rowe Price. IT DID NOT SOLVE THE PROBLEM. Therefore, the return underreports income which the IRS is aware of despite the Smart Check message that the "we've reviewed the federal return and found no errors." Now I can file an extension while I wait for Turbo Tax to solve this very frustrating issue. Please advise. Thank you.

D

DanaB27

To confirm, you have the Distributions from Pensions, IRAs, etc "Worksheet" produced but it isn't carried over the Form 1040 line 4?

It would be helpful to have a TurboTax ".tax2023" file that is experiencing this issue. You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions for TurboTax Online:

From the left menu select Tax Tools.
Then select Tools below Tax Tools.
A window will pop up which says Tools Center.
On this screen, select Share my file with Agent.
You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.
Reply to this thread with your Token number and add @DanaB27 . This will allow us to open a copy of your return without seeing any personal information.

The instructions for TurboTax Download:

On your menu bar at the very top, click "Online"
Select "Send Tax File to Agent"
Click "Send"
The pop-up will have a token number
Reply to this thread with your Token number and add @DanaB27 . This will allow us to open a copy of your return without seeing any personal information.

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.

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