turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

vdugone
New Member

1099-r. taxable income says unknown, and box 7 is 3-disability. I am 67. How do i calculate taxable income?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ThomasM125
Employee Tax Expert

1099-r. taxable income says unknown, and box 7 is 3-disability. I am 67. How do i calculate taxable income?

If you didn't contribute to the plan from your own money, that is money you paid tax on, then all of it would be taxable. If you made contributions from your own money, there would be an amount in box 9b of your Form 1099-R which would show your contributions.  

 

In that case, after you enter your Form 1099-R, you will see a screen that says Describe the Taxable Amount, on which you have to choose  No, a different amount was taxable:

 

 

On another screen you will see the option to choose the Simplified method or General rule method to determine how much of your pension distribution is taxable:

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question