Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- How do I enter pro-rated 1099R from 2020 tax returns in 2021 Proseries
How do I enter pro-rated 1099R from 2020 tax returns in 2021 Proseries
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
ariwood22
Level 1
03-09-2022
08:17 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It doesn't appear that proseries is rolling over the 2020 1099r information that was entered as corona virus related distribution to the 2021 program.
The distribution should be reported ratably over a three-year period. For example, Covid related distribution in 2020 was $30K so $10K should be reported for tax year 2020, 2021, and 2022.
How's everyone entering the 2nd installment that should be taxable in the 2nd year?
Labels
2 Comments 2
jeffmcpa2010
Level 11
03-09-2022
08:49 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Be watching for a form 8915-F sometime in the future. That is the form you need.
ariwood22
Level 1
03-10-2022
07:55 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you! It sucks the program doesn't warn you that this form needs to be filed for taxpayers who elected to spread payment over 3 years.
