LeticiaF1
Expert Alumni

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.