1099-R Annuity Question Confusion

[Basenji]

Have TT Deluxe installed on Windows11. 

Entering 1099-R data, towards end of entry TT determines it needs to ask more questions. One of which is this one: 

Annuity Information:

For the years XXXX received these distributions, was the total amount shown in the form the amount you paid tax on?

Total amount taxable:  Yes   No

Which Box on the form is TT asking about?  Box 1 (Gross Distribution)? or Box 2a (Taxable Amount)? There are values in both. TT is not clear on what constitutes Total Amount.

Thanks!

[SteamTrain · Accepted solution]

@Basenji 

They messed up the question....

If your box 2a has a non-zero number in it..(not blank, nor marked as undetermined), and that number is somewhat lower than the box 1 number, due to an after-tax contribution amount that is noted in box 5...then edit that retirement form again, and when you get to the following page (below), answer it as-if the displayed edits were present  (i.e. you needed to answer YES).  

Answering YES will use the box 2a $$ amount on your for 1040.  Check lines 5a and 5b before and after entering that 1099-R. 

 (But if you answered No, and already entered some $$ in the "General" or "Simplified" calculation area ,you might need to delete your 1099-R first and re-enter it from scratch...not sure of that though)

___________________________

[Basenji]

Thank you for the reply.

If I could ask 1 more question. . .  Is there a way to move this question to the Retirement and Income Group instead of it being in the Investors and Landlords group?

Thank you again for your time. Sincerely appreciate it.

[SteamTrain]

@Basenji 

Forum helpers labelled as CHAMPs, sued to be able to move the questions, but I don't know if they can anymore.  I'm not one of them.