You'll need to sign in or create an account to connect with an expert.
There are a number of questions that follow the 1099R entry and one of them asks if the amount in Box2a is being used as the taxable amount. That question has to be answered "yes."
What you could be seeing is that in the TurboTax program itself it will show the gross amount even after you said "yes" to the taxable amount.
The tax return itself will show both amounts (either line 15a and 15b or 16a and 16b) with the amounts on line 15b or 16b being the taxable amounts.
Click on the Forms in the upper right and then in the left side of the screen click on the Form 1040 and look to see what has been reported as taxable income.
There are a number of questions that follow the 1099R entry and one of them asks if the amount in Box2a is being used as the taxable amount. That question has to be answered "yes."
What you could be seeing is that in the TurboTax program itself it will show the gross amount even after you said "yes" to the taxable amount.
The tax return itself will show both amounts (either line 15a and 15b or 16a and 16b) with the amounts on line 15b or 16b being the taxable amounts.
Click on the Forms in the upper right and then in the left side of the screen click on the Form 1040 and look to see what has been reported as taxable income.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
nago870285
Level 1
Sunny-641
New Member
barefootheart
New Member
sstromsk
New Member
nomad
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.