Level 4

1099R with larger Taxable Amount than Gross Distribution.

Forum|Forum|3 years ago
April 8, 2023
3 replies
17 views

Should I override the system or have the client get a corrected 1099R?

Tax Talk

This topic has been closed for replies.

BobKamman

Level 15

How would you know which number to override?

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FTPhilAuthor

Level 4

I did miss a little bit of information that could help I guess... The reason I would assume the number to override would be the Gross Distribution is for 2 reasons, 1, the system is showing that as the error, 2, the State distribution matches the Taxable amount. Here's a shot of the form in question.

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FTPhilAuthor

Level 4

I should add that the recipient of the 1099R passed away in September of 2022. I will have to ask the widow if she had to pay anything back, that could be where the error occurred if it is in reality an error.

qbteachmt

Level 15

It helps to give all the details. Which account type, which codes in which boxes? Employer plan, personal account, annuity, etc?

Don't yell at us; we're volunteers

T

Terry53029

Intuit Community Champion

Get a corrected one. To me it is obvious you can't tax more than the gross distribution. I haven't had one like that, but I have seen the withholdings more than the gross amount, and I always get a corrected one. Just my opinion.

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FTPhilAuthor

Level 4

I think this is the route that I will take - tomorrow as not too many other people are working today. Unless somebody else comes up with a reason that the 1099R could actually be correct.

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