1099-R box 2B error

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I have a 1099-R that is blank in box 2 and box 2B for "Taxable amount not determined" is checked. I entered the information this way on the desktop program but after completing the income section, it showed that I said the income on that 1099-R was not taxable. It is taxable. I don't know how to correct this unless I enter the same amount is box 2 that is in box 1, even though that's not what is on the 1099-R I received. Any ideas?

pk_

Level 15

@barbrobinson1226 are you saying that your Box 1 shows the distribution, but 2A has nothing in it and 2b is checked as taxable amount not determined ? Because in such a case, Turbo has no way ( absent your age and total contribution to be allocated ) has only two options -- (a) the whole distribution is taxable or (b) none is taxable. What is in Box 7 -- distribution code ? What type of pension/annuity is it ? If this where none contribution or only pretax contributions were made then the whole distribution is probably taxable.

I don't know much about these -- @dmertz is our general go to person for such. There also may be others.

Mike9241

Level 15

since you say it's taxable, 2a must be completed. Generally, it's the same as box 1 and for a Traditional IRA code 7, and the IRA box is checked. if it's for an IRA and you have made non-deductible contributions Form 8606 is also required so the 2a amount can be prorated between taxable and non-taxable. The 8606 also requires the Fair Value of all Traditional IRAs as of 12/31/2025

the answer would vary for other retirement accounts and codes.

Mike9241