You may receive a warning message stating that your 1099-R "may need attention," when you try to save your 1099-R entries within the program, or when you attempt the E-file process.
Error when saving the 1099-R:
1. General warning when saving a 1099-R (Box 2a is less than box 1)
If your 1099-R's box 1 (gross distribution) and 2a (taxable amount) do not match, when you attempt to save the form, you will receive a message indicating the taxable amount in box 2a is less than the amount in box 1. This warning is provided to you to ensure your entries are entered correctly and was not an entry mistake.
How to fix: If you are reporting your 1099-R accurately and box 1 and 2a do not match, ignore the warning and continue.
2. Rollover warning when saving a 1099-R (Taxable amount cannot be greater than Gross Distribution)
If you roller over all or a portion of your distribution, you may receive this warning if not reported properly: "This page contains the following error(s):click to go to error
2a Taxable Amount Taxable Amount cannot be greater than Gross Distribution minus Rollover amount."
Your gross amount (box 1) minus the taxable amount (Box 2a) cannot be more than the amount you enter as the rollover.
How to fix: Please check the amounts entered for boxes 1, 2a, and Rollover Amount. Correct the entry so Box 1 minus box 2a is not more than the amount listed as the rollover.
3. 1099-R has the same EIN as another already entered
If you have more than one 1099-R with the same EIN, you will get a warning in the program after you click Continue.
How to fix: Scroll up to the top of the page and check the box indicating you wish to save the 1099-R, then select Continue at the bottom of the page to save.
Error when attempting to e-file with 1099-R
What is the warning before the E-file process (Form 1099-R may need attention)?
When proceeding to e-file, you may receive a warning message regarding your 1099-R. The warning, Form 1099-R may need attention, states: "The amounts you entered for taxable distribution plus rollover amounts, combined, total less than the amount you entered for gross distribution..."
How to fix the entry: You may not need to fix anything. The warning message is essentially saying your 1099-R's box 1 and 2a do not match. If the entries are correct, you can simply continue past the warning message.
Example: You took a contribution-only withdrawal from a Roth account which resulted in no taxable amount to report, your taxable amount (box 2a) will not match the gross distribution (box 1).
Example: You report a qualified charitable distribution (QCD).
What is an annuitized distribution?
An annuitized distribution refers to the process where a portion of an annuity, endowment, or life insurance contract is converted into a series of periodic payments. This can be done provided that the annuitization period is for 10 years or more.
Rejection for 1099-R
F1099R-502-01 or F1099R-502-02
The Payer's TIN number listed on the 1099-R does not match the name of the payer according to the IRS.
How do I correct the rejection?
To correct the payer's EIN or TIN:
- Federal Section
- Income
- 1099-R, RRB, SSA
- Add or Edit a 1099-R
- Edit the 1099-R entered and verify the TIN number listed and the Payor name for accuracy
- Make the necessary corrections and CONTINUE to save your corrections.
Do I need to file my return again?
Yes. Resubmit your return using the "E-file" listing on the navigation bar.
Additional Information
- How to report a rollover
- How do I report my conversion from a Traditional IRA to a Roth IRA (Backdoor Roth)?