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Form 1099-R Distribution Calculation Concern After March 24th Update

IntuitRichard
Employee
Employee

We are currently investigating concerns after the March 24th update to the ProSeries programs regarding the calculation of Form 1040, Line 4 when you have a Form 1099-R distribution when marked for COVID related distribution and to not spread the taxable amount over 3 years on form 8915-E.  We will post additional information as it becomes available.

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IntuitRichard
Employee
Employee

After additional research, we have determined that this occurs when you have a Coronavirus-related Distribution from a spouse that is over the 100,000 limit and the distributed is not being spread over 3 years.  As a workaround, you can uncheck the "Entire distributed is qualified" box on the 1099-R and instead enter the 100,000 limited amount in the "amount that is qualified" field.  The issue will be resolved in an upcoming release of the ProSeries program.