Deductions & credits


@whbunn wrote:

TT did not ask about my non-taxable amount of my distribution.  I can't find where to enter that information.  Therefore I paid taxes on the full amount.  I need to amend return to account for my after tax contributions.

 

My 1099R does not contain info for use, but I do know the amount of my after tax contributions.

 

 


Is the IRA/SEP/SIMPLE box checked on you 1099-R?

 

How (and what year) did the after-tax basis get into the IRA?    Do you have a 8606 form for that tax year with the basis in box 14 as required (unless the contribution was a 2019 contribution) ?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**