What if there is no taxable amount listed on a 1099R .(UNKNOWN)Do I use the line 1 gross distribution?
The 1099R list gross distribution line 1. Line 2 states UNKNOWN
Do I use total gross distribution? Line 1 as taxable income.?
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1 Best answer
DawnC0
Intuit Alumni
Jun 5, 2019 11:31:09 AM
No, leave the amount blank, and check the box (2b) that says 'Taxable Amount Not Determined'. TurboTax will ask you questions to determine what portion if any is taxable to you.
1 Replies
DawnC0
Intuit Alumni
Jun 5, 2019 11:31:09 AM
No, leave the amount blank, and check the box (2b) that says 'Taxable Amount Not Determined'. TurboTax will ask you questions to determine what portion if any is taxable to you.