Retirement tax questions

macuser_22 · ‎July 13, 2020

@lhansen789 wrote:

I didn't choose a method in any previous years. This is the first time turbotax has presented this to me. I've checked the same boxes I've always checked.

For many years (at least back to 2010) TurboTax has always asked the follow question for a 1099-R that has a code 1,2 or 7 in box 7 and the IRA box is not checked and you select that it is a qualified retirement account. If you choose the box 2a method you are done. If you choose another amount then you get the simplified method questions.

**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.**