499816
I enter the entire amount on box 1 and the taxable amount in box 2, but the box 1 amount comes forward as income.
You'll need to sign in or create an account to connect with an expert.
The distribution amount from box 1 will be included on Form 1040 line 4a, the amount from box 2 should be on line 4b (taxable amount). The whole distribution will show as income on the summary screen which shows gross income, not taxable income.
The distribution amount from box 1 will be included on Form 1040 line 4a, the amount from box 2 should be on line 4b (taxable amount). The whole distribution will show as income on the summary screen which shows gross income, not taxable income.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Helen552
New Member
ajm2281
Returning Member
waynelandry1
Returning Member
tianwaifeixian
Level 4
anonymouse1
Level 5
in Education