@whunter9 wrote:
I took a distribution of company stock from my 401k in order to receive favorable NUA tax treatment. My 1099R correctly shows the gross distribution (box 1), taxable amount (cost basis of stock - box 2a) and NUA value (box 6). However turbotax is calculating the tax based on the gross distribution and not the taxable amount. Is there a different way I need to input this data into turbotax to have the tax calculated on just the taxable amount shown in box 2a?
Are yiu looking at the 1040 line 5b for the taxable amount?
**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.**
