In 1099 -R, item 1 has my gross income, but 2a,2b is X. Isn’t my taxable income is also my gross?

[tkng0215395turbo]

My monthly pension from state of Ca and social security retirement is my sole income. even tho my 1099-R  item 2a is blank my taxable income is my gross?

[macuser_22]

---

@tkng0215395turbo wrote:
My monthly pension from state of Ca and social security retirement is my sole income. even tho my 1099-R  item 2a is blank my taxable income is my gross?

---

Not necessary if you had any or your own after tax contributions (basis) in the retirement plan.    If you did not then choose that you received periodic payments and box 2a should be used as the taxable amount.     If you do have such a basis then answer that a different amount is taxable and it will take you to the simplified method.

If this is not the first year you received the pension then you must use the same method that was used last year.

[jtax]

The terms are confusing. In most cases for pension/retirement plans your taxable income is the same as your gross. But not always. It might not all be taxable depending up the type of plan and especially upon whether you got a tax-deduction at contribution time. If you made any contributions to the retirement plan with "After tax" money, you get those back tax-free (so in box 1 but not box 2a) bit by bit over the years. But it is usually up to you to track that, which is why Box 2a is usually empty and 2b is usually not checked.

If box 2a has a number and 2b is checked and it seems right then use it.

(Super-technical: box 1 is gross distribution not gross income. Elsewhere on your 1040 gross income is totaled up and many things are keyed off of that. But for retirement plans return of after-tax contributions is not income at all. It's a return of your own previously-taxed money, not a gain of any sort. So box 1 is not labeled income but rather a distribution.)