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What do I do if my 1099R has box to a complete completed and the amount is less than box one?

What do I do if my 1099R has box 2a completed, and that amount is less than the amount in box 1
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2 Replies

What do I do if my 1099R has box to a complete completed and the amount is less than box one?

That's ok.  Enter the 1099R exactly as shown.  My 1099R 2a is less than box 1 by the amount in box 5.  

MaryK4
Employee Tax Expert

What do I do if my 1099R has box to a complete completed and the amount is less than box one?

When Box 2a (Taxable amount) is less than Box 1 (Gross distribution), it means a portion of the money you received is nontaxable. This usually happens because you already paid taxes on some of the money in that account (your "basis").

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