- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
You can't simply deduct the amounts in box 5 and 9b from the amount in box 1 to determine the taxable amount of a pension plan distribution reported on form 1099-R. The amounts in box 5 and 9b may refer to contributions in other periods besides the current period.
When you enter the form 1099-R in TurboTax, the program will ask you the pertinent questions to determine the taxable amount of your pension plan distribution in the current year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 5, 2020
5:50 PM