Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 10, 2025 12:41:47 PM

What do I enter in the box for "Basis of Retirement Income"? I started receiving Retirement Income in 2024 for a pension that is paid out as an annuity.

0 1 511
1 Replies
Expert Alumni
Apr 10, 2025 2:08:22 PM

Your basis is the amount you paid in. Pub 939 helps you calculate the basis. You may have made regular payments from your paycheck. You may be able to call and ask and then keep records.