Question

1099-R Type of Account

Forum|Forum|1 year ago
March 10, 2025
3 replies
0 views

I received a 1099-R for a Total Distribution in 2024 from an Annuity I inherited from my Mother in 2022. When I enter the information turbotax takes the information without issue, but at the Federal Review I am prompted to enter a 'Type of Account' with the options being a 403b, IRA, or Other.

I chose 'Other' (and I have tried IRA with the same result)

After accepting the change, I am prompted to review the 1099-R again. This time, the guide indicates that a Type of Account should not be entered for this entry, so I set it to 'No Entry' and hit 'Continue'.

After changing to 'No Entry', I am prompted to review and prompted to enter a 'Type of Account' again. The process starts over.

Please let me know what I need to do to properly answer the questions regarding my 1099-R.

Thank You,

Robert

TurboTax Deluxe Online

D

dmertz

When asked when your mother was born, indicate that she was born after December 31, 1951 even if that's untrue. For a code 4D Form 1099-R, TurboTax shouldn't even be asking when your mother was born.

R

rschauflerAuthor

Thank You!! That change resolved the issue.

J

josephsestrich

Exact same issue here. Inherited annuity ( continuation optioni) getting the same error.

DawnC

If the code in Box 7 is both 7 and D, omit the 7, and just use D. @josephsestrich

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T

TaxR136

Dawn,

What would your suggestion be if the number and letter is 4D? Hoping turbo tax can fix this.

L

LMARAIST

The same thing happens to me. Were you ever to resolve it

B

blackestate

Look up higher in this post. You will see that I found a workaround. Also says it was fixed? I got mine accepted before the fix, if it works. I have not got my refund sent yet so still not sure if it is all ok or not.