Hello All

I have a client who received a 1099-R form in 2023 with a distribution code of P.

Box 1 is a 280K+ amount, box 2a is 3K+ amount, with federal and state taxes withheld.

Should a separate 1099-r form with code 8 been received? or is everything correct with this single form.

how do I report the amounts?

1. Report the box1 amount as taxable income in 2022 on Schedule 1 other income; and not entering the actual 1099-r form as received.

2. enter taxes withheld on tax payments page.

basically, amend the 2022 return with above changes.

What about box2a amount? where and how does that get reported?

This is my first time encountering this, so not sure what the correct way is.

Thank you for your guidance.