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Why does TurboTax show calculated taxable soc. security income to be $20,000 less that the actual 1099R amount?

 
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2 Replies

Why does TurboTax show calculated taxable soc. security income to be $20,000 less that the actual 1099R amount?

Are you entering your Social Security on the 1099-R screens?
KatrinaB
Intuit Alumni

Why does TurboTax show calculated taxable soc. security income to be $20,000 less that the actual 1099R amount?

A form 1099-R is used to report your retirement and pension income and form SSA-1099 form is used to report social security income. Not all of your social security income will be taxable. Please view the TurboTax FAQ below for more information.

https://ttlc.intuit.com/replies/3299920

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