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Retirement tax questions
To get TurboTax to use the taxable amount that is the result of the Simplified Method, you should go back and EDIT your 1099R in your Federal return. Answer or repeat the questions until you get to:
Verify Box 2a and Box 2b: Taxable Amount Not Determined
Describe the Taxable amount: No, a different amount was taxable.
Tell Us the Taxable Amount Method: Simplified method or General rule
For more information about the Simplified Method, visit IRS Topic No. 411- Pensions
‎February 22, 2021
7:42 AM