turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

On the 1099r it keeps saying my tax amount is more than the gross distributed amount and its not

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

On the 1099r it keeps saying my tax amount is more than the gross distributed amount and its not

In the state area?

for NY? or some other state?

_______________

If state tax withholding is showing in box 14 of the 1099-R , some states require $$ be in box 16, and box 16 cannot be blank (even though it may be on many 1099-R forms).

 

IF box 2a has a valid non-zero number, entering that value in box 16 should fix the problem.

IF box 2a is blank (undetermined) then the Federally taxable amount of box 1 is used...which is usually just the value of box 1 if there were no after-tax contributions (i.e. nondeductible) made to that retirement source.

 

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

On the 1099r it keeps saying my tax amount is more than the gross distributed amount and its not

Iowa. 

 

On the 1099r it keeps saying my tax amount is more than the gross distributed amount and its not

Could still be the box 16 distribution amount.   If you have withholding in box 14 of that 1099-R, some states complain similarly when box 16 is empty. On either the main form page for box 16, or on a page following the main form, you should be able to enter the value of box 2a into the box, as the Iowa state distribution amount.

 

That amount has to be greater than box 14.    If box 2a is empty or Undetermined use the box 1 value, but you can't have had more IA taxes withheld, then the gross taxable amount distributed.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question