You'll need to sign in or create an account to connect with an expert.
If your annuity distribution is non-taxable, box 2a should be blank or have zeroes. It needs to be entered exactly the way it is. If it's incorrect, you should contact your plan administrator and request a corrected Form 1099-R.
Thanks for the response. According to Turbotax the 1099-R preparer enters the full amount of the distribution in Box 2a, but if they don't know the taxable basis they also check box 2b, leaving it up to the tax filer to determine the taxable amount. Unfortunately I could not find anywhere on Turbotax to do this.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
kelster2
New Member
JudyCanada
New Member
Gary2173
New Member
cebaugh0717
New Member
KenMO
New Member