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My 1099-r has no taxable amount. but my return shows it taxable. why?
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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.
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My 1099-r has no taxable amount. but my return shows it taxable. why?
G WAS ROLLED OVER TO IRA
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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.
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