When I enter the info and indicate that I am disabled (box 7 with the #3) my return drops by hundreds. If it isn't taxable should it drop my return and if so, is this due to it putting me in a higher tax bracket?
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If it says code 3 (disability) in box 7 of your 1099-R, then it is not taxable and Turbo Tax treats it as such. It's still reportable, but not taxable.
If it says code 3 (disability) in box 7 of your 1099-R, then it is not taxable and Turbo Tax treats it as such. It's still reportable, but not taxable.
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