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

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

I think i might have put in something wrong because before i put in a 1099R i was getting a return of about 500 dollars and after i put in my 1099R i was getting 2000?

I think i might have put in something wrong because before i put in a 1099R i was getting a return of about 500 dollars and after i put in my 1099R i was getting 2000? is a 401k withdraw suppose to give me that kind of return ?
Connect with an expert
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 Best answer

Accepted Solutions
Coleen3
Intuit Alumni

I think i might have put in something wrong because before i put in a 1099R i was getting a return of about 500 dollars and after i put in my 1099R i was getting 2000?

It depends on how much was withheld or if it was marked not taxable when it should have been taxable. Go over your answers and make sure you answered everything correctly. Also, a blank box 2 Taxable Amount is not the same as zero. If it is blank, leave it blank.

View solution in original post

1 Reply
Coleen3
Intuit Alumni

I think i might have put in something wrong because before i put in a 1099R i was getting a return of about 500 dollars and after i put in my 1099R i was getting 2000?

It depends on how much was withheld or if it was marked not taxable when it should have been taxable. Go over your answers and make sure you answered everything correctly. Also, a blank box 2 Taxable Amount is not the same as zero. If it is blank, leave it blank.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies