On 1099-r form I have an amount in box 1a and same amount in box 2a. My code is letter U for dividend distribution. Are these dividends taxable or not?

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On 1099-r form I have an amount in box 1a and same amount in box 2a. My code is letter U for dividend distribution. Are these dividends taxable or not?

Yes, they are taxable.

On 1099-r form I have an amount in box 1a and same amount in box 2a. My code is letter U for dividend distribution. Are these dividends taxable or not?

Ok thanks. Turbo tax is entering as taxable but didn’t know if dividends are given to me if they should be taxed.

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