Where will information from my 1099-R appear on my tax return?

[dmertz]

markx2, a code 2 Form 1099-R with a different amount in box 2a than is in box 1 is not reporting a distribution from an IRA, so this Form 1099-R would not have the IRA/SEP/SIMPLE box marked and the distribution would appear on 2017 Form 1040 line 16, not line 15.  You should see $70k included on line 16a but only $15k included on line 16b.

[markx2]

OK.  So box 16a has the $70K, included with a second 1099R amount. But line 16b has "ROLLOVER" added to the line and $0.00 as the amount.  Am I correct to assume that the 2017 turbotax software did not correctly carry the amount from the 1099 R form to the 1040 line 16b?  Which means my taxable income was under-reported by the $15K?

[dmertz]

$0 on line 16b with the word ROLLOVER next to line indicates that you told TurboTax that rolled at least $15k over to another traditional qualified retirement account like a traditional IRA.

Are there any amounts shown in boxes 5 or 6 of this Form 1099-R?  If so, what are the amounts?

[markx2]

Yes. Box 5 is blank.  Box 6 has $55k.

Box 1 $70,684.39

Box 2a $15,439.35

2b Taxable amount not determined - blank

  Total Distribution marked "x"

Box 6 $55,245.04.

[dmertz]

OK, this was a distribution of employer stock that included Net Unrealized Appreciation.  Given the amount of NUA, it seems that you would not have rolled over this distribution, yet that's apparently what you told 2017 TurboTax that you did.  If you did not roll any of this distribution over you would need to amend your 2017 tax return to correct the reporting and pay the additional tax due.