Question

Entering the health insurance amount from box 5 on a 1099-r

Forum|Forum|1 year ago
March 10, 2025
2 replies
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I'm entering the full amount from box 5 of my OPM 1099-R, which is what I paid for insurance premiums. Turbo Tax will not accept that amount. I have tried it 5 times. It keeps telling me it "Needs Review" and that is the problem. What can I do to fix this?

TurboTax Free Edition Online

B

BillM223

Where is this happening? When you enter the 1099-R? In the Federal Review? In a state review? Someplace else?

When TurboTax asked if the amount in box 5 was insurance or something else, what did you answer?

How much did you enter in box 5?

I ask these questions because I am having difficulty reproducing your issue.

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C

corkery-taxesAuthor

I enter the amount in box 5 correctly. But then 4 screens later, there is a Question asking how much of the amount in box 5 is insurance premiums. The entire amount is premiums, so I enter that total again, and when I'm finished with that financial institution's income, it comes back with a "Needs Review" red button. When I go to review it, it's the same Q which is now blank. I've spent several hours on the phone with TurboTax reps, and finally last night someone told me that there is a glitch with the online version when entering an OPM 1099-R, which ours is. So until, and IF, it's fixed, I can't complete my taxes using TurboTax unless I want to download the program and re-enter everything! To say I'm annoyed is an understatement!

B

BillM223

"when I'm finished with that financial institution's income, it comes back with a "Needs Review" red button"

So was this in the Review, or in the 1099-R interview?

On my test, I created a 1099-R from the OPM, but I did not get the same results (the Needs Review was for other reasons).

After you entered the 1099-R from the OPM but before you got the Needs Review, did you look at your 1040 to see if the income from the 1099-R was there? Was the amount reduced by the box 5 entry?

Can you see your output forms (i.e., have you paid for the return)? I want to know if the amount you originally entered in box 5 appeared on Schedule A as a medical expense.

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P

Paroya

tt refuses to accept amount from box 5 withheld for health insurance.

S

schudj

I have the same issue have spoken to Turbo Tax support to no avail...when do we think this will be addressed?

C

corkery-taxesAuthor

I was not given any timetable for resolution. I think the problem is only on the online version and might be ok on a downloadable version. I was hesitant to spend the money not knowing if the downloadable version truly would work. I was even told if it was solved after 4/15 that I could always file an extension!! Very disappointed and I ended up going another route. I love TurboTax and hope this gets resolved if not this year, at least for next year.