Solved: What if there is no taxable amount listed on a 1099R .(UNKNOWN)Do I use the line 1 gross distribution?

pyschenck · Jun 5, 2019 11:31:08 AM

The 1099R list gross distribution line 1. Line 2 states UNKNOWNDo I use total gross distribution? Line 1 as taxable income.?

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.?

posted

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.

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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.