MichaelDC
New Member

Retirement tax questions

On the 1099-R, there are boxes for taxable amount (box 2a), box 2b for total distribution, employee contributions (box 5), codes that match box 7 (should it be 1 for early withdrawal), some other calculations about percentage of contribution from employee and then state information (box 14 state distribution amount)

For taxable amount - my understanding is that it should be the same as the gross income. So, that is what I am putting. If I am making a mistake, or if there is any other interpretation, please could you chime in ?

Box 1 and 2 a should be the same