should I be asked about taxable amount method on my pension?

[p301]

Box1 and box 2 are different amounts. Usually asked if box 2 is the taxable amount

[DoninGA]

If box 2a on the Form 1099-R has an amount entered, then that is the taxable amount of the distribution.

[SteamTrain]

@p301 

Yeah.....there is a follow-up page that asks about it...but there's  a TTX screwup in their wording that is misleading thousand's of users....most of whom don't realize it).

_____________________________

If your box 2a has a non-zero number in it..(not blank, nor marked as undetermined), and that number is somewhat lower than the box 1 number, due to an after-tax contribution amount that is noted in box 5...then edit that retirement form again, and when you get to the following page (below), answer it as-if the displayed edits were present  (i.e. you needed to answer YES).  

Answering YES will use the box 2a $$ amount on your for 1040.  Checking lines 5a and 5b on your form 1040, before and after entering that 1099-R, and the 5b amount should be lower than line 5a. 

 (But if you answered No, and already entered some $$ in the "General" or "Simplified" calculation area ,you might need to delete your 1099-R first and re-enter it from scratch...not sure of that though)

______________________

[ThomasM125]

No, you will not be asked if the amount in Box 2 on your Form 1099-R is the correct taxable amount. Box 2 on a Form 1099-R is the taxable amount as determined by the broker who issued the statement. TurboTax will start with that as the taxable amount but take into consideration the codes entered in box 7 and your answer to other questions in the section where you entered the Form 1099-R before making a final judgement.