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1099-R Doesn't show my non-deductible contributions, when entered in the non-deductible section it doesn't adjust my tax bill.
My non-deductible contributes were not on record with my current IRA provider
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posted
June 4, 2019
4:17 PM
last updated
June 04, 2019
4:17 PM
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1099-R Doesn't show my non-deductible contributions, when entered in the non-deductible section it doesn't adjust my tax bill.
To verify you entered your 1099-R and the non-deductible basis like in the instructions below?
To enter the 1099-R distribution:
- Login to your TurboTax Account
- Click "Take Me To My Return"
- Click "Federal" from the left side of your screen
- Scroll down and click "Start or Edit/Add" next to "IRA, 401(k), Pension Plan Withdrawals (1099-R)"
- Answer "Yes" to the question "Did You Have Any of These Types of Income?"
- Click "I'll Type it Myself"
- Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
- Click "Continue" and enter the information from your 1099-R
- On the "Your 1099-R Entries" screen click "continue"
- Answer "yes" to "Any nondeductible Contributions to your IRA?"
- Answer the questions about the basis
You can preview your 1040 and check line 4b if all of the distribution was taxable. If not then your entry was successful.
- On the left side of your screen, select Tax Tools, then Tools.
- Under Tool Center, select View Tax Summary.
- On the left side of your screen, select Preview my 1040.
June 4, 2019
4:17 PM
1 Reply
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1099-R Doesn't show my non-deductible contributions, when entered in the non-deductible section it doesn't adjust my tax bill.
To verify you entered your 1099-R and the non-deductible basis like in the instructions below?
To enter the 1099-R distribution:
- Login to your TurboTax Account
- Click "Take Me To My Return"
- Click "Federal" from the left side of your screen
- Scroll down and click "Start or Edit/Add" next to "IRA, 401(k), Pension Plan Withdrawals (1099-R)"
- Answer "Yes" to the question "Did You Have Any of These Types of Income?"
- Click "I'll Type it Myself"
- Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
- Click "Continue" and enter the information from your 1099-R
- On the "Your 1099-R Entries" screen click "continue"
- Answer "yes" to "Any nondeductible Contributions to your IRA?"
- Answer the questions about the basis
You can preview your 1040 and check line 4b if all of the distribution was taxable. If not then your entry was successful.
- On the left side of your screen, select Tax Tools, then Tools.
- Under Tool Center, select View Tax Summary.
- On the left side of your screen, select Preview my 1040.
June 4, 2019
4:17 PM
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