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The pensions distributions on IRS form 1099-R in box 1 reported $86,980. On the Federal 1040 income tax return, are you saying that the box 2a (taxable amount) was reduced to $39,684 by use of the simplified method or general rule? Or are you saying something else?
For instance, are you saying that the Federal 1040 income tax return reports a taxable amount of $86,980 and a state income tax return reduced the taxable amount to $39,684? What state would that be?
Please clarify.
After reviewing my taxes again, there was an input error. I put in the taxable amount box the federal taxes withheld. After I corrected that error, it computed correctly.
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