Client's 2020 1099-R form had identical gross and taxable income. The 1099R forms for prior years for the same investment and issuing entity had lower taxable income compared to gross income, i.e. basis existed. Issuing entity was contacted and has stated that a corrected 1099R form will be issued that shows taxable income is lower than gross income.
Thanks for sharing......................................................
If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.
