Box 2a gives taxable amount as $0.00. 2b checks "Taxable amount not determined." This pension plan is designated for housing. I spend more for housing than the amount of distribution. Turbo Tax insists in listing this distribution as taxable income. How can I correct this?
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Once you reduce the pension amount by the housing allowance, only the difference will be taxable. If your 1099-R reports only the pension and excludes the housing allowance, generally all you need to do is enter your 1099-R and you're finished. I recently discussed this issue with another minister - he entered a dollar in 2a to resolve the issue.
You can also enter the full amount of Box 2 in Box 2a, then make an adjustment in Other Income, following the instructions below, to claim your full housing allowance:
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