VerJ
New Member

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?