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Retirement tax questions
Box 1 (Gross distribution) = $8,323.14
Box 2a (Taxable amount) = $90.88
Box 5 (After-tax contribution) = $8,225.89
Box 7 (Distribution code(s)) = G
Those numbers on the 1099-R don't make sense. On this sort of Form 1099-R the sum of box 2a and box 5 should equal box 1. Compare the numbers entered into TurboTax with the values on the actual form provided by the payer. If these are the actual numbers on the Form 1099-R provided by the payer, contact the payer to obtain a corrected Form 1099-R.
The fact that one or more of these numbers is wrong might be the reason that TurboTax appears to be adding the taxable amount determined by subtracting $8,225.89 from $8,323.14 to the amount from box 2a. Garbage in, garbage out.
March 27, 2025
1:19 PM