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Retirement tax questions
Given the exclusion rule (which I am aware of), and given that block 2a on the OMB 1099R reads "UNKNOWN", how does the TurboTax user exclude the exclusion amount from taxable income? Are you saying subtract it from the amount in block 1 and enter the reduced amount in 2a of the form provided by TurboTax even though the paper form reads "UNKNOWN"?
I have calculated and excluded it myself in the past - but only on the form 1040. I haven't used TurboTax in the past...
‎February 17, 2022
10:58 AM