https://ttlc.intuit.com/community/retirement/discussion/how-should-i-enter-annuity-information-asked-for/01/3794801#M260358 what is tax free amount previously recovered? Sun, 22 Feb 2026 21:29:34 GMT Mothertucker215 2026-02-22T21:29:34Z https://ttlc.intuit.com/community/retirement/discussion/how-should-i-enter-annuity-information-asked-for/01/3794801#M260358 what is tax free amount previously recovered? Sun, 22 Feb 2026 21:29:34 GMT https://ttlc.intuit.com/community/retirement/discussion/how-should-i-enter-annuity-information-asked-for/01/3794801#M260358 Mothertucker215 2026-02-22T21:29:34Z https://ttlc.intuit.com/community/retirement/discussion/re-how-should-i-enter-annuity-information-asked-for/01/3794933#M260369 <P><SPAN style="font-size:14px;">A form 1099-R reports the pension distribution in box 1 and the taxable portion of the pension distribution in box 2a. &nbsp;The difference is because you contributed some portion to the pension fund and the IRS presumes that you pay back a portion of that contribution on each year's income tax return.</SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px;">The amount previously recovered is how much of the pension contribution you are considered to have paid back through the prior year's income tax returns.</SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px;">You may be computing the taxable portion of the pension distribution in box 2a. &nbsp;You are likely using the simplified method of computing the taxable portion.</SPAN></P> Sun, 22 Feb 2026 22:35:36 GMT https://ttlc.intuit.com/community/retirement/discussion/re-how-should-i-enter-annuity-information-asked-for/01/3794933#M260369 JamesG1 2026-02-22T22:35:36Z