AmyC
Expert Alumni

Retirement tax questions

Box 1 is the total distribution and box 2 is the taxable amount - if there is anything entered. Otherwise, you have to answer the program questions so the program can figure it out.

  • You may have contributions in box 5. If so, then box 2 equals box 1 minus box 5.
  • You may have rolled it all over where nothing is taxable.
  • There are many scenarios where some portion is taxable.
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