1835266
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Turbo Tax calculated the incorrect taxable amount on the 1040 line from an OPM (federal) 1099-R entry, which is different from the 1099-R. Info entered correctly. Why?

I entered the gross distribution and the amount in box 2a. shown as the taxable amount, along with the total employee contribution in box 9b.  TT calculated the taxable amount $95 lower than shown on the 1099-R for some reason - totally ignoring what I entered as the taxable amount.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
ColeenD3
Expert Alumni

Turbo Tax calculated the incorrect taxable amount on the 1040 line from an OPM (federal) 1099-R entry, which is different from the 1099-R. Info entered correctly. Why?

Since you had employee contributions, these are prorated and deducted from your taxable amount each year.

dmertz
Level 15

Turbo Tax calculated the incorrect taxable amount on the 1040 line from an OPM (federal) 1099-R entry, which is different from the 1099-R. Info entered correctly. Why?

This sounds like you inappropriately told TurboTax to use the Simplified Method to calculate a different taxable amount.  Delete and reenter the Form 1099-R and indicate that the box 2a amount is the correct taxable amount.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question