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Retirement tax questions
I already entered the taxable amount in box 2a but Turbo Tax program is pulling it from box 1 gross distribution. Turbo Tax is misqualifyig American Equity and Transamerica. Maybe I'm putting this in the wrong place? They are taxing me on the whole amount in box 1 gross distribution. This is not an IRA - it came from a non-qualified annuity. I'm only supposed to be taxed on gains (taxable amount box 2a on my 1099-R that I entered on Turbo Tax. If it were an IRA yes I would have to pay taxes on the gross but my basis should be taxed in this situation (taxable amount I entered already in box 2A)
‎February 26, 2025
1:29 PM