ThomasM125
Expert Alumni

Retirement tax questions

TurboTax can use the value of your IRA at end of the year to determine if your distribution was taxable, based on the beginning value and distributions taken and contributions made during the year.

 

To make sure the correct amount is being shown as taxable on your form 1040, you can view the form 1040 and you will see the taxable amount of your IRA distribution on line 4(b) as follows:

 

While working on your return in the Federal section of TurboTax:

 

   1.  Choose the Tax Tools icon on your left menu bar

   2.  Tools

   3.  View Tax Summary

   4.  Choose the Preview my 1040 on your left menu bar

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"