1341213
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.

ethanruth
Returning Member

1099 R Why is there non taxable on 1099 R

1099 R Why is there non taxable on 1099 R

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
MarilynG1
Expert Alumni

1099 R Why is there non taxable on 1099 R

There could be several reasons your 1099-R distribution is not taxable (or has a non-taxable portion).

 

If you received a 1099-R for Retirement Income such as an Annuity that you made after-tax contributions to, there can be a non-taxable portion of your distribution.

 

If the amount in Box 1 differs from the amount in Box 2a, with an entry in Box 5, that would probably be the case for you.

 

If your 1099-R indicates a Rollover with a Code G in Box 7, that is not taxable either. 

 

TurboTax asks follow-up questions after you enter your 1099-R to determine type of income and whether taxable or not, so pay attentions to those entries, too. 

 

Click this link for more info on How to Enter a 1099-R

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question