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Level 1
posted Jun 4, 2019 1:37:17 PM

Why would taxable income (box 2a) be less than gross distribution (box 1) on 1099-R?

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1 Best answer
Level 9
Jun 4, 2019 1:37:19 PM

Any distributions made with income that was previously taxed (for example, ROTH IRA) is not taxed again when withdrawn.  It is return of basis (or your investment)

1 Replies
Level 9
Jun 4, 2019 1:37:19 PM

Any distributions made with income that was previously taxed (for example, ROTH IRA) is not taxed again when withdrawn.  It is return of basis (or your investment)