Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Feb 4, 2023 10:19:52 AM

Why is Turbo Tax deducting one of my pension amounts from the taxable amount on line 5b 1040-SR? Three pensions have all been fully taxable in the past.

0 2 240
1 Best answer
Level 15
Feb 4, 2023 10:25:02 AM

Try deleting that 1099R and re enter it.  That may clear something out.  You might have answered a question wrong.  What code is in box 7 on it?  

2 Replies
Level 15
Feb 4, 2023 10:25:02 AM

Try deleting that 1099R and re enter it.  That may clear something out.  You might have answered a question wrong.  What code is in box 7 on it?  

Level 1
Feb 4, 2023 10:44:48 AM

The code in box 7 is 7, as it has always been.  I deleted the 1099 and reentered it as you suggested.  That seems to have worked.  Thank you!