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Retirement tax questions
@WJordelCPA , does the Form 1099-R have the nontaxable amount in box 5?
Is box 2a Taxable amount not determined marked?
What is the code in box 7?
On Form 1040 line 5b, are you seeing the entire gross amount being included or only the taxable amount?
Be aware that the entire gross amount is considered to be income and the TurboTax summary will show the entire gross amount as income required to be documented on your tax return, but only part of it is taxable income.
March 30, 2023
5:27 AM