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Retirement tax questions
Box 5 should report your employee contributions, the amount you contributed to your pension plan. If you received a distribution then it would reduce the taxable amount of that distribution. But since you didn't receive any distributions this year, the amount entered in box 5 will have no affect on your tax return this year. However, you can enter the form 1099-R in the Retirement Plans and Social Security secton of TurboTax, then IRA, 401-K, Pension Plan Withdrawals, (1099-R), but it shouldn't affect your income tax.
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‎February 12, 2023
7:01 AM