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Level 1
posted Jun 3, 2019 12:16:46 PM

A portion of my retirement plan contributions were made after tax. How do I find out how much?

My husband is a retired Police Officer.  We know that a portion of his retirement plan was made with after tax money.  How do we find out how much?

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1 Best answer
New Member
Jun 3, 2019 12:16:48 PM

Most times your plan administrator will keep record of how much of your distribution is simply a return of your after-tax contribution.

This will be noted as the difference between Box 1 (Gross Distribution) and Box 2a (Taxable Amount) on your 1099-R. (See the attached screenshot below. Click to enlarge.)

Here's how to enter your 1099-R:

You'll get a 1099-R if you received $10 or more from a retirement plan. Here's how to enter your 1099-R in TurboTax:

1.      Open (continue) return if you don't already have it open.

2.      Inside TurboTax, search for 1099-R or 1099R (lower-case works too) and then click or tap the "Jump to" link in the search results.

3.      Answer Yes on the Your 1099-R screen, then click or tap Continue.

·        If you land on the Your 1099-R Entries screen instead, click or tap Add Another 1099-R.

4.      Select how you want to enter your 1099-R (import or type it in yourself) and then follow the onscreen instructions.

 

3 Replies
New Member
Jun 3, 2019 12:16:48 PM

Most times your plan administrator will keep record of how much of your distribution is simply a return of your after-tax contribution.

This will be noted as the difference between Box 1 (Gross Distribution) and Box 2a (Taxable Amount) on your 1099-R. (See the attached screenshot below. Click to enlarge.)

Here's how to enter your 1099-R:

You'll get a 1099-R if you received $10 or more from a retirement plan. Here's how to enter your 1099-R in TurboTax:

1.      Open (continue) return if you don't already have it open.

2.      Inside TurboTax, search for 1099-R or 1099R (lower-case works too) and then click or tap the "Jump to" link in the search results.

3.      Answer Yes on the Your 1099-R screen, then click or tap Continue.

·        If you land on the Your 1099-R Entries screen instead, click or tap Add Another 1099-R.

4.      Select how you want to enter your 1099-R (import or type it in yourself) and then follow the onscreen instructions.

 

Level 1
Jun 3, 2019 12:16:49 PM

In this situation, since I already entered the information, it would have been nice if the question was eliminated.  It made me second guess my answer.

New Member
Jun 3, 2019 12:16:50 PM

Understood. Thanks.