- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I too am having the same issue. Without the 1099R & B entered, my income is $8k. When I add in the $17k distribution from the ESOP from both the 1099R and the 1099B, my income jumps to $42k. The distribution is definitely long term and I've made sure to check the box on the 1099B entry indicated "long term noncovered", as per the 1099B.
I get the difference between the 1099R reporting the distribution and the 1099B reporting the gain on the sale, but I only recieved the 17k one time. Why would it show up twice in my taxable income on TT?
‎February 8, 2021
7:58 AM