What is IRS Rejection Code F1099R 502 02?

There are chances that you can come across IRS reject code F1099R 502 02 when e-filing your returns. This denial error means that the employer’s name or the EIN (employer identification number) entered from form 1099-R does not correspond to the information in the IRS records. 

Besides this, you may also encounter the FW2-502  and FW2-505-01 which also states errors relating to the EIN or employer’s name. 

What are the Reasons for the Reject Code F1099R-502-02 to Occur?

Several reasons can lead to the reject code F1099R-502-02 arising. The primary cause can be mistyping the nine-digit EIN. Sometimes it can also have a missing number that leads to a denial code from the IRS. Other factors that contribute to this error are as follows:

• Information in IRS records does not match those of the payer. 
• There is missing information or the form 1099 R is incorrect. 
• Returns have been filed with no EIN. EIN is not given to a foreign payer. Hence, you need to mail your returns. 
• There was an unexpected error while importing form 1099 R into the TurboTax application. 

Whenever filing returns in the application, ensure to have your form 1099 R ready. Follow any specific guidelines to fix F1099R-502-02 reject code and resubmit your returns. 

What are the Methods to Troubleshoot F1099R 502 02 in TurboTax? 

If you want to troubleshoot F1099R 502 02 in TurboTax Online. Carefully follow the steps given below:

• Go to TurboTax Online
• Log in with your username and password
• Once done, choose to Fix My Return. 
• Pick Fix it Now 
• The instruction given needs to be followed thoroughly.
  • Look for form 1099 R using the search bar 
  • Pick out the Jump To link
  • Go to Federal Income Section
  • Find for 1099 R
• Next to 1099R. 
• Pick Edit. 
• Continue to Enter your 1099 R display. 
• Once done, compare Payer Name and EIN.
  • Ensure that the name and the EIN match with that of the application and 1099 R form. 
• If corrections are needed, correct them. 
• Click Continue.
• If there are additional 1099 R forms, repeat the steps. 
• When finished, choose File. 
• On the welcome back screen, choose Continue. 
• Do not Pick the Fix my Returns tab. 
• To complete the filing procedure, follow the guidelines. 
• If denial persists, delete 1099 R and re-enter it.
  • On the Federal Income Section 
  • Locate form 1099 R 
  • Once done, choose Edit. 
  • Delete the old form. 
  • You will be asked Are you sure you want to delete
  • Choose Yes.
  • Manually re-enter your 1099 R form. 
  • Resubmit. 

Frequently Asked Questions