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Form 1099-R box 5 in Turbotax has description Employee Contributions... but my form has Non-Taxable Amount. Should I enter that amount even though it is not the same?

 
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BillM223
Expert Alumni

Form 1099-R box 5 in Turbotax has description Employee Contributions... but my form has Non-Taxable Amount. Should I enter that amount even though it is not the same?

The phrases "Employee Contributions" and "Non-Taxable Amount" are referring to the same thing. The amount that an employee contributed to a pension or annuity in after-tax dollars while employed is not taxable when it is returned to the taxpayer as a pension or annuity.

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1 Reply
BillM223
Expert Alumni

Form 1099-R box 5 in Turbotax has description Employee Contributions... but my form has Non-Taxable Amount. Should I enter that amount even though it is not the same?

The phrases "Employee Contributions" and "Non-Taxable Amount" are referring to the same thing. The amount that an employee contributed to a pension or annuity in after-tax dollars while employed is not taxable when it is returned to the taxpayer as a pension or annuity.

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