Why does the program not use my taxable amount of my pension when figuring my income?

[stardeb53]

tax program keeps adding in the amount in box 5 of insurance premiums that I already paid for which is why the payor subtracts them from the gross distribution.  Why is the taxable amount reported not transferring over to the turbo tax entry.

[ThomasM125]

The tax treatment of your pension distribution as reported on form 1099-R is more dependent on the entries in boxes 1 to 4 and on line 7 of your form 1099-R. If you post those entries we can help you better.

[SweetieJean]

If you imported the 1099-R, try deleting it and then entering it manually.

[stardeb53]

Thanks. Here ya go.

Box 1. Gross Dist. = 12,023.28

Box 2.  Taxable Amount = 11,877.00

Box 2 B- Neither box is checked.

Box 3 - Nothing

Box 4. Tax withheld =  125.00

Box 5. Employee Contributions/ insurance premiums etc. =  $146.28.

Box 6 - Nothing

Box 7 = 7

And to Sweetie Jean-  Thanks, I did enter my info manually.

[fanfare]

Box 2 goes to the (b) column of your form 1040 .

[fanfare]

when your contributions come back to you that is still gross income for that year.

It is the taxable amount that counts and your contributions were excluded.