Hokiemommo
Returning Member

Get your taxes done using TurboTax

Thank you for your response.  I did enter the 1099-R manually and the IRA/SEP/SIMPLE box is checked.  When answering questions about having nondeductible IRA contributions, I also checked yes.  Then a drop down box appeared stating:

 

If [name] kept records of nondeductible contributions, you can determine how much of the $xx,xxx distribution is taxable.  Show Me How to Do This. **

Once you know how much is taxable, enter the amount below.

      Calculated Taxable Amount  [box to enter amount]

 

** The Show Me How to Do This is a link to Tax Help that states a 8606 is needed to calculate the taxable portion of the distribution.  [Normally the software automatically starts a Form 8606 at this point]

 

If I leave the "Calculated Taxable Amount box blank, it removes it from the 1099-R box 2a (which then shows an error on that 1099)  [the software should not be asking me to calculate the taxable amount manually]

 

I have attached a screenshot of the page in TurboTax regarding Nondeductible IRA Calculations.

 

I have been doing taxes on TurboTax for years with Traditional IRAs having nondeductible IRA contributions and I have never encountered this.  It seems to be a software glitch.  I appreciate any assistance you can provide.  

Thank you!

 

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