- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I think you mean that you contributed $32,400 to your retirement account over several years while you were working. Now that you are starting to get benefits, you will be allowed to treat a portion of your distributions as not taxable, but not all in the same year. The non-taxable amount that you contributed will be spread out over the remainder of your expected years of life.
If you mean that the amount in box 2 of your 1099-R form, the taxable amount, is $572, then you must have entered something incorrectly when you entered your form 1099-R. If so, then you should go back and review your entry, or delete it and start it over.
**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"
‎February 25, 2021
1:00 PM