TaxGuyBill
Level 15
04-06-2023
01:09 PM
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@cruiser626 wrote:
Well she did get a 1099R for the total distribution and no she has not paid anything back and what does it mean that she doesn't need to pay it back.
She received a 1099-R in 2020, right?
She did NOT receive a 1099-R in 2022, right? Or did she for some reason receive one in 2022?
Did you have this client last year, and rolled over the file to 2022? Or is this a new client, and you are entering things for the first time, and trying to get the software to do it correctly?
It was an option for taxpayers to 'pay back' the distribution within 3 years to remove the tax. But if your client did not do that, don't worry about that. That is perfectly fine and makes figuring out your problem easier.