SusanY1
Expert Alumni

Retirement tax questions

From the information given, I can't tell for sure where you see the information but I imagine you see it on the Income Summary screen.  This screen in TurboTax doesn't reflect the taxable amount but the gross amount (Box1). 

 

The screen is a quick check screen to verify the documents entered.

 

TurboTax is still picking up the correct taxable amount that you are reporting in 2a for your tax return and will transfer it to the proper line on your tax return.

 

Here is a way that you can verify that it is working properly:

 

  1. Log in to your tax return at TurboTax.com.
  2. Click on Tax Tools on the left side of the screen (you may need to click on Continue in the center first).
  3. Click on Tools.
  4. In the box that pops up in the center, click on View Tax Summary.
  5. On the left menu, click on Preview my 1040.
  6. Scroll down to Line 4, where you should see that your total distribution and the taxable amount will show on 4a/4b (or 4c/4d).

 

 

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