Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
overout17
New Member

My 1099-r has no taxable amount. but my return shows it taxable. why?

 
3 Replies
MichaelL1
Level 15

My 1099-r has no taxable amount. but my return shows it taxable. why?

What is the code in Box 7, was the amount rolled over to another account?  Give some more details and we can help.
overout17
New Member

My 1099-r has no taxable amount. but my return shows it taxable. why?

G  WAS ROLLED OVER TO IRA
MichaelL1
Level 15

My 1099-r has no taxable amount. but my return shows it taxable. why?

Ok a "G – Direct rollover and direct payment"

You need to go back and EDIT the questions that follow the 1099R as unless it was rolled over to a Roth IRA is would be non-taxable.

So double check that when you edit this area and make sure you did not answer it was a Roth IRA (as long as it was not).

 To EDIT pension and annuity Payments (1099-R)

  • Click on Federal Taxes
  • Click on Wages and Income
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Retirement Plans and Social Security
  • On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button
  • Then carefully answer the questions that follow. 

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.6m
Discussions

Manage cookies
v