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1099-R 2a taxable amount equal to total distribution for after tax funded IRA forcing Trubotax to calculate tax when it should be zero?
I am 78 years old and I had an IRA account that was funded with my own after tax cash and all income was not reinvested back into the account. closed the account and received 1099-R showing the entire amount as taxable. box 1, 2a showing the same amount, 2b box checked, box 7 code is 7 and IRA SEP box checked.
how to resolve in Turbotax or otherwise?
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‎February 19, 2022
6:00 AM