1099 R input not showing up on tax return

Forum|Forum|6 years ago
April 14, 2020
2 replies
23 views

The input that I made: Gross distribution, then taxable distribution from 1099R with a Code P is not showing up on the tax return. Have looked at everything to figure it out, but haven't been able to figure out why not.

Any ideas?

Lacerte Tax

This topic has been closed for replies.

Best answer by Accountant-Man

Yes, you need to amend the prior year. FYI, the taxable amount is included in the wages line, not the pension line.

George4Tacks

Level 15

That is because code P is more informational than anything. It is a distribution that was taxable in the prior year. It should have been included on that return and if not, you may need to amend it.

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Accountant-ManAnswer

Level 13

Yes, you need to amend the prior year. FYI, the taxable amount is included in the wages line, not the pension line.

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BobKamman

Level 15

@Accountant-Man

It has been a while since I saw one of those. I think it happens when a company executive pays in more to a 401(k), a higher percentage than most of the peons. Thanks for the reminder that it shows up as wages, not pension. Maybe that's what is happening here.

@bonanzalady1

Is it showing up as wages, and not pension? Is it reported on a 2020 form?

abctax55

Level 15

Code P = prior year (effectively...)

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