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Level 1
posted Feb 8, 2024 9:16:50 AM

On the 1099R form, why am i getting Taxable amount can't be greater than gross distribution in Box 1 message?

Talked to insurance company and they said information was correct

0 1 121
1 Replies
Expert Alumni
Feb 8, 2024 9:36:14 AM

Please clarify your question.

 

  • Is the amount in Box 2 bigger than Box 1.
  • It does not make sense that you would have more taxable money than the amount of money you received.
  • Did the Insurance Company give any explanation?

I know this does not completely answer your question.  Please contact us again and provide some additional details.