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turkmen007
New Member

Why is my Traditional IRA distribution show a taxable amount of 25,319 when the 1099-R states that the taxable rate is 20,967?

 
1 Reply
MichaelL1
Level 15

Why is my Traditional IRA distribution show a taxable amount of 25,319 when the 1099-R states that the taxable rate is 20,967?

Look at the return to see what it is actually using as taxable amount which will the amount on Line 4b:

To Preview a copy of the Form 1040 prior to paying for TurboTax.

A.     Go to Tools in left side of screen and click on Tools
B.    A box titled: Tool Center will open and below the 3 boxes is: Other helpful Links…
C.    Click on the first one: View Tax Summary
D.    Then in left side of screen click on: Preview My 1040
E.    You can scroll up and down and see the numbers on a working copy of your Form 1040

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