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Why is it showing the full distribution and not the taxable amount from 1099r and ss shouldn't be taxed on full amount
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Why is it showing the full distribution and not the taxable amount from 1099r and ss shouldn't be taxed on full amount
If you are looking at the TurboTax Income Summary, please be aware that it shows the Gross Income and therefore the full amounts are included. If you want to see the taxable part, then please look at Form 1040 line 4b for the 1099-R distribution and line 5b for the SS Benefits.
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Why is it showing the full distribution and not the taxable amount from 1099r and ss shouldn't be taxed on full amount
If you are looking at the TurboTax Income Summary, please be aware that it shows the Gross Income and therefore the full amounts are included. If you want to see the taxable part, then please look at Form 1040 line 4b for the 1099-R distribution and line 5b for the SS Benefits.