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February 16, 2021
Question

The 1099R form for efiling with Federal and NYS IRS is not compatible with Turbo Tax. How can this be resolved?

  • February 16, 2021
  • 1 reply
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Box 12 is a FATCA filing requirement.  The amount in Box 14 is less than Box 1.  There is no Box 12A..

1 reply

February 16, 2021

The new IRA-sanctioned standard 1099-R forms are changed for 2020.  Boxes 12,13,14 for 2019 forms are now numbered 14,15,16 in the software for the 2020 1099-R forms....and the same is used by the IRS itself for 2020.

 

Your Form 1099-R may not be updated.

 

Click this link for info on How to Enter a 1099-R with FACTA.