My Pension is taxable

Forum|Forum|5 years ago
February 16, 2021
10 replies
58 views

why isnt Turbo Tax calculating my pension as income? I know for a fact it is taxable.

DoninGA

Level 15

Did you enter the Form 1099-R into the TurboTax program?

Enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R

If you entered the Form 1099-R what is shown on the federal tax return Form 1040 Line 5b?

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

CVonWAuthor

Level 2

My Line 5 reads "0".

DoninGA

Level 15

@CVonW wrote:

My Line 5 reads "0".

Was there an amount entered on your Form 1099-R in box 2a? What is the code in box 7 of the 1099-R?

Is the IRA/SEP/SIMPLE box checked on the 1099-R?

My Pension is taxable

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