ColeenD3
Expert Alumni

Get your taxes done using TurboTax

You would have to know the basis. This would make some of the income nontaxable with a 1099-R. If you do not know the basis, the reporting of the income is irrelevant.

 

Your cost basis in retirement income (pension, IRA, 401K, etc,) is the sum of the nondeductible contributions to your "retirement plan/account" minus any withdrawals or distributions of nondeductible contributions.