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debupshaw
New Member

The taxable amount in the 1099R box @a says unknown. I'm not sure if I should select yes or no for taxable amount.

 
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SeanE1
New Member

The taxable amount in the 1099R box @a says unknown. I'm not sure if I should select yes or no for taxable amount.

You would copy everything directly off of your 1099-R into your program, so if the "Taxable amount not determined"  box is checked on your 1099-R, do the same in Turbotax and if it is not checked on your 1099-R leave it unchecked in Turbotax.. The item on your 1099-R that determines whether the distribution is taxable or not is the code in Box 7.

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1 Reply
SeanE1
New Member

The taxable amount in the 1099R box @a says unknown. I'm not sure if I should select yes or no for taxable amount.

You would copy everything directly off of your 1099-R into your program, so if the "Taxable amount not determined"  box is checked on your 1099-R, do the same in Turbotax and if it is not checked on your 1099-R leave it unchecked in Turbotax.. The item on your 1099-R that determines whether the distribution is taxable or not is the code in Box 7.

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