Why doesn't taxable portion of 1099R NOT carry over to 1040? All data fro the 1099R was copied over into the TT Deluxe desktop.

[NJ-2013]

This was from liquidate of a 401K, where the stock was taken out in kind (not sold) and put into a brokerage account, and taxes were due. I had similar situation in 2018 and TT handled it correctly.

[Karis_F]

Take another look at the distribution code in Box 7 of the Form 1099-R and also look at the interview questions, especially the one that asks whether or not you moved the money through a rollover or conversion.

All of these things determine the taxability of a retirement distribution, so it may be that something is answered in a way that is making it non-taxable (i.e., a rollover) when it should be taxable.

Here is a TurboTax article on Form 1099-R for more information.

[NJ-2013]

I checked that the data from the 1099R was correctly copied.
I was faced with multiple questions on multiple pages, so there were multiple opportunities for the amounts to be incorrectly characterized. 

Let me recap the tax situation. I had a 401K from my former employer - I'm retired now. The account had mutual funds that i purchased with pre-tax dollars, and company match was in shares of company stock.  I took out the shares in kind; the stock shares went into a brokerage account, and there was taxable amount, as indicated on the 1099R.  

I had a similar situation in 2018, and TT 2018 Deluxe handled it correctly.  I still have the TT data file, but it's not in plain text. It would be nice to see how I answered the series of questions, to determine where things are breaking down.

To be clear, I'm not asking for tax advice, but I'm trying to find out why TT is not processing the 1099R information correctly, Unfortunately the software leaves me hanging. I should be able to see how the question responses affect the end result - taxable or not taxable.

The simplest way to resolve this would probably be to share my screen with tech support, but all I can find on your site requires me to pay.

[JamesG1]

Your IRS form 1099-R reported values in box 1 and box 2a.

Was box 7 distribution code code 7 or something else?  Please clarify.

Was Taxable amount not determined checked?

Did you see the screen We found a few other questions about your situation?

[NJ-2013]

There are amounts in Box 1 Gross Distribution and Box 2a Taxable Amount

NEITHER OF THE BOXES IN 2A ARE CHECKED

Boxes 3 ,4, and 5 all contain 0.00

Box 6 - Net Unrealized appreciation - has a non-zero amount

Box 7 - Distribution code - has ONLY a 7 in it, and neither of the check boxes below it are checked

====================

NOTE:

Whatever the reason, the 1099 shows a taxable amount, yet no part of that is in the taxable income, and that inconsistency was NOT flagged in any way - THAT FACT ALONE IS A DEFECT IN THE SOFTWARE 

[dmertz]

Try deleting an reentering the Form 1099-R, making sure when TurboTax asks what you did with the money that you say that you "did something else with the money,"  that you cashed it out.  You must not indicate that you rolled the money over to another retirement account. (It doesn't matter that the distribution was done in-kind, TurboTax still refers to it as money.)  Check to see that the amount appears on Form 1040 line 5b.  Unless you your tax return includes some other distribution from an employer plan, insurance plan or annuity that is not fully taxable, line 5a should be blank.  Make sure that the Rollover box on line 5c of Form 1040 is not marked unless you rolled over some other distribution from an employer plan.