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Retirement tax questions
No, normally 1099-R income cannot be excluded. One way that some of the distribution might not be taxable is if you made after-tax contributions to an annuity or pension, then only a portion of the distribution will usually be taxed. Another way is if the 1099-R distribution is from a Roth IRA. For more information on other 1099-R situations visit the TurboTax help article below:
When to Use Tax Form 1099-R: Distributions From Pensions, Annuities, Retirement, etc.
‎April 9, 2024
11:58 AM