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I am entering taxable pension income and Turbo Tax is saying it was non taxable income. How do I get it to accept the pension income as taxable income??????????
This is my husband's pension. It is and always has been taxable income. He has been collecting it for over ten years. He received two 1099-Rs for it this year. (One for 11 mos in WA state and one for 1 month in WI.) I entered the info into Turbo Tax from each of the 1099Rs just as it was on the forms. Of note box 2a was empty and 2b was checked. I answered all of the questions that I could. He does not know what the Annuity starting date was or his age when it started. At the end of the section, Turbo Tax determined it was nontaxable income. IT IS TAXABLE INCOME111 I did not have any difficulty with his other pension from another source or with mine. I can't finish our taxes until this is corrected.
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Retirement tax questions
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Retirement tax questions
I believe you answered a question that was asked about whether the taxable amount in Box 2a was correct. Since that was blank, you said No, so the program began trying to calculate the taxable amount for you. If you know the taxable amount is the same as the gross amount just enter it in 2a and don't check taxable not determined. Also, double check that, when you started, you selected the correct type of 1099-r.