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March 16, 2025
Question

Why is Turbo tax keeps asking me to review annuities and asking 403b and type of account, 403b or mot?

  • March 16, 2025
  • 1 reply
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Also why does turbotax unchecked my entries about type of retirement plan

    1 reply

    March 16, 2025

    There was an update. Therefore, if you had code 7D in box 7 you will need to review your entries. Sometimes it helps to delete and reenter Form 1099-R.

     

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    March 16, 2025

    This did NOT fix my problem.  I deleted my 1099R info, saved my return, logged off/back on and re-entered all my 1099 info. on 3/16 10am PDT.  However, I still get a Needs Review” message when I Review. 

    After filling out the TT 1099R form with all supplied info for a 3 year tax deferred, NON-qualified annuity that matured in 2024 with a 7D distribution type I keep getting a “Needs Review” message. 

     

    The “Check This Entry” screen says “Type of Account should NOT be selected” on the Account type line in “RMD Excess accumulation” worksheet. I choose "NO ENTRY on this screen, but the “No Entry” does not stick and the Check this Entry screen shows "Other Type" when I do a final review before submitting my tax return which is not correct.

    When will this problem be fixed (I've tried several workarounds for over a week with no luck)? 
    Also, if I file my return with this error message, will it be rejected by TT or IRS?

    March 16, 2025

    To clarify, are you using TurboTax Online or TurboTax Desktop?

     

    If you are using TurboTax Online then please try the workarounds from dmertz:

    For code 7D, omit the code 7 and enter only the code D.
     

    @mikej25 

     

     

     

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