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txrands84
New Member

Is box 11 included in box 1 if it is a withdraw?

TurboTax asks "Did you take money out of your nonqualified pension plan? But the amount due does not change with either answer.
2 Replies
pk
Level 14
Level 14

Is box 11 included in box 1 if it is a withdraw?

@txrands84 , is this a real situation needing tax discussions or you are just doing "what if" ?  Most pension schemes are qualified  and so the questions becomes  (a) is this really a non-qualified pension scheme ? ;  (b) did you take money out of the scheme  (c) what is your age  and (d) what was the reason  / are you retired  etc. ??

TurboTax I think will ultimately get to these questions  ( and that may affect your tax liability  )  but may be on this particular screen (that you are looking at ) it is just a place holder.

 

Is there more ? 

Is box 11 included in box 1 if it is a withdraw?

Please clarify your question.  If you are asking Form 1099-R, box 11 is a year:  the first year you made a contribution to the designated Roth account reported on this form.  Box 1 is a dollar amount.

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