1099R taxable amount not determined

Forum|Forum|5 years ago
February 25, 2021
1 reply
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how to calculate taxable amount on 1099R that states - taxable amount not determined

TurboTax Deluxe Online

xmasbaby0

Level 15

The software calculates it for you. You just enter your 1099R exactly as it appears.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

captivaAuthor

Level 2

Thank You

Where do you get Turbo Tax to calculate the taxable amount when i1099R states taxable amount not determined? I don't know where to look or how to get it to calculate the amount for me. Thanks

sls50211

Level 9

If you did not make any non-deductible contributions, the entire amount would be taxable. All 1099Rs from an IRA are marked with the taxable amount not determined. As you enter the 1099R, in the screens that follow you will be asked if you made any non-deductible contributions. If you answer yes, then the taxable amount would be decreased. If you answer no, then the entire amount is taxable.