You'll need to sign in or create an account to connect with an expert.
TurboTax will help you determine the taxable amount. (If it was a nondeductible TIRA that was converted, only the growth on the IRA will be taxed). However, it is important to enter in the 1099-R exactly as you receive it and follow the interview afterwards to have the non-taxable portion subtracted out of taxable income. You may want to delete the 1099-R, and re-enter it using these instructions:
You will still have a few questions after this, but you will see the portion of your distribution that was from your nondeductible contributions will have been excluded from your taxable income.
TurboTax will help you determine the taxable amount. (If it was a nondeductible TIRA that was converted, only the growth on the IRA will be taxed). However, it is important to enter in the 1099-R exactly as you receive it and follow the interview afterwards to have the non-taxable portion subtracted out of taxable income. You may want to delete the 1099-R, and re-enter it using these instructions:
You will still have a few questions after this, but you will see the portion of your distribution that was from your nondeductible contributions will have been excluded from your taxable income.
I do not need to determine the taxable amount. Prudential has typed it in the 1099-R but turbo tax is not using the info that was imported and is asking a lot of questions I do not have an answer to
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
riteden
Returning Member
djhi849711
New Member
ldane123
New Member
Edge913
New Member
Bill413
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.