MarilynG1
Expert Alumni

Retirement tax questions

There could be several reasons your 1099-R distribution is not taxable (or has a non-taxable portion).

 

If you received a 1099-R for Retirement Income such as an Annuity that you made after-tax contributions to, there can be a non-taxable portion of your distribution.

 

If the amount in Box 1 differs from the amount in Box 2a, with an entry in Box 5, that would probably be the case for you.

 

If your 1099-R indicates a Rollover with a Code G in Box 7, that is not taxable either. 

 

TurboTax asks follow-up questions after you enter your 1099-R to determine type of income and whether taxable or not, so pay attentions to those entries, too. 

 

Click this link for more info on How to Enter a 1099-R

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