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Received distribution from traditional IRA. The 1099-R received reports the amount in box 1 and box 2a. Box 2b is checked. How do I get the non-tax amt. into Turbo Tax?

I now what is taxable and what is non-taxable but Turbo Tax does not give me the opportunity to input the non-taxable amount.  The amounts in box 1 and 2a are the same amount.

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2 Replies
AnnetteB
Intuit Alumni

Received distribution from traditional IRA. The 1099-R received reports the amount in box 1 and box 2a. Box 2b is checked. How do I get the non-tax amt. into Turbo Tax?

The non-taxable amount is entered by reporting your non-deductible contributions to the IRA.

When your Traditional IRA contains both deductible and non-deductible contributions, every distribution from the account will include a combination of both types of funds. 

You will not be able to specifically enter the non-taxable portion into TurboTax.  Instead, to be sure that you are only paying tax on the deductible (pre-tax) portion of your distribution, you will need to know and enter the amount of non-deductible contributions that were made to the account.  This is considered the account basis. 

In TurboTax, after you enter the Form 1099-R that is reporting your distribution, there will be a series of follow-up questions that you will answer.  One of those questions will pertain to the basis.  It asks something like “did you make non-deductible contributions to the IRA”.  When you enter the basis, the taxable amount will be calculated and reported on your Form 1040. 


dmertz
Level 15

Received distribution from traditional IRA. The 1099-R received reports the amount in box 1 and box 2a. Box 2b is checked. How do I get the non-tax amt. into Turbo Tax?

Be sure to click the Continue button on the Your 1099-R Entries page to reach the necessary questions asking for your basis and for your total year-end balance in traditional IRAs.  Also make sure that you have entered under Deductions & Credits any traditional IRA contribution that you might have made for 2017.

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