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DaveF1006
Employee Tax Expert

Ira distribution on 1099-r is not shown on form 1040, line 4a

It depends. Is it a 1099R CSA, CSR, or regular 1099R? Also was this an early distribution because of COVID or a retirement distribution? Usually if a standard 1099R, the taxable amount is usually the same as the distribution unless certain conditions apply. Also, if it an early distribution, there may be a 10% early withdrawal penalty. 

 

In answer to your question, many factors can determine the taxability of this pension distribution.

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R-
New Member

Ira distribution on 1099-r is not shown on form 1040, line 4a

My TurboTax does not properly bookkeep IRA and Pension income properly.  It puts information into box 5 that should be in box 4 for the 1040 tax form, I have checked all the input data and it is correct, but TurboTax is reporting it to the wrong box.

Ira distribution on 1099-r is not shown on form 1040, line 4a


@R- wrote:

My TurboTax does not properly bookkeep IRA and Pension income properly.  It puts information into box 5 that should be in box 4 for the 1040 tax form, I have checked all the input data and it is correct, but TurboTax is reporting it to the wrong box.


Did you check the IRA/SEP/SIMPLE box on the TurboTax Form 1099-R?

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