topic Thank you macuser_22!&nbsp;&nbsp;I had inadvertently entered into T... in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/thank-you-macuser-22-i-had-inadvertently-entered-into-t/01/487952#M45104 Thank you macuser_22!&nbsp;&nbsp;I had inadvertently entered into TurboTax that the IRA/SEP/SIMPLE box was checked when in fact it was not checked on the 1099-R and continued to overlook that I had checked the box.&nbsp;&nbsp;That little oversight was what was causing the issue.&nbsp;&nbsp;TurboTax now gives me the same numbers as I have calculated manually.&nbsp;&nbsp;Thanks to you and all who provided comment to my question! Wed, 05 Jun 2019 01:06:22 GMT kdishmael 2019-06-05T01:06:22Z My program is picking 1099-R Box1as taxable income, not Box2a. Is anyone else having this issue? https://ttlc.intuit.com/community/retirement/discussion/my-program-is-picking-1099-r-box1as-taxable-income-not-box2a-is-anyone-else-having-this-issue/01/487901#M45097 <P>When I calculate "income and adjustments" manually, it gives me an answer that is lower by exactly the amount of difference between Box 1 (Gross Distribution) and Box 2a (Taxable Amount), so it appears the program is using the Box1 amount as the taxable amount. &nbsp;<BR /></P> Wed, 05 Jun 2019 01:06:13 GMT https://ttlc.intuit.com/community/retirement/discussion/my-program-is-picking-1099-r-box1as-taxable-income-not-box2a-is-anyone-else-having-this-issue/01/487901#M45097 kdishmael 2019-06-05T01:06:13Z Summaries in the program usually show gross amounts of in... https://ttlc.intuit.com/community/retirement/discussion/summaries-in-the-program-usually-show-gross-amounts-of-in/01/487906#M45098 Summaries in the program usually show gross amounts of income, not taxable amounts.&nbsp;&nbsp;Look at the 1040 to see.&nbsp;&nbsp;Click on Forms on upper right, then 1040 on the left. Wed, 05 Jun 2019 01:06:14 GMT https://ttlc.intuit.com/community/retirement/discussion/summaries-in-the-program-usually-show-gross-amounts-of-in/01/487906#M45098 Anita01 2019-06-05T01:06:14Z Form 1040 Box 15a shows an amount that is higher than it... https://ttlc.intuit.com/community/retirement/discussion/form-1040-box-15a-shows-an-amount-that-is-higher-than-it/01/487913#M45099 Form 1040 Box 15a shows an amount that is higher than it should be on Line 15a by the difference between Box 1 and Box 2a as I entered into Turbotax.&nbsp;&nbsp;If I enter the Box 2a amount as the gross distribution, then Line 15a reflects the correct amount. It appears TurboTax is picking up Box 1 as taxable, not Box 2a. Wed, 05 Jun 2019 01:06:15 GMT https://ttlc.intuit.com/community/retirement/discussion/form-1040-box-15a-shows-an-amount-that-is-higher-than-it/01/487913#M45099 kdishmael 2019-06-05T01:06:15Z Box 1 is supposed to be the taxable amount if you had no... https://ttlc.intuit.com/community/retirement/discussion/box-1-is-supposed-to-be-the-taxable-amount-if-you-had-no/01/487922#M45100 Box 1 is supposed to be the taxable amount if you had no "basis" (i.e., after-tax contributions) in your retirement vehicle. What type of vehicle is this 1099-R for, and did you have any after-tax contributions in it? Wed, 05 Jun 2019 01:06:17 GMT https://ttlc.intuit.com/community/retirement/discussion/box-1-is-supposed-to-be-the-taxable-amount-if-you-had-no/01/487922#M45100 BMcCalpin 2019-06-05T01:06:17Z What code is in box 7? Is the IRA/SEP/SIMPLE box checked?... https://ttlc.intuit.com/community/retirement/discussion/what-code-is-in-box-7-is-the-ira-sep-simple-box-checked/01/487930#M45101 What code is in box 7?<BR />Is the IRA/SEP/SIMPLE box checked?<BR />Is the box 2b "not determined" box checked?<BR />Is there a value in box 2a that is less then box 1 or is box 2a blank? Wed, 05 Jun 2019 01:06:18 GMT https://ttlc.intuit.com/community/retirement/discussion/what-code-is-in-box-7-is-the-ira-sep-simple-box-checked/01/487930#M45101 macuser_22 2019-06-05T01:06:18Z In response to TurboTaxBillMC, the 1099-R is for a non-qu... https://ttlc.intuit.com/community/retirement/discussion/in-response-to-turbotaxbillmc-the-1099-r-is-for-a-non-qu/01/487935#M45102 In response to TurboTaxBillMC, the 1099-R is for a non-qualified IRA annuity account.&nbsp;&nbsp;There were after-tax contributions made to it that were withdrawn and cashed out.&nbsp;&nbsp;That is the Box 1 amount.&nbsp;&nbsp;The only thing that should be taxed is the amount shown in Box 2a, which is the interest paid through the year on the money that was in the account.&nbsp;&nbsp;There is a value in Box 5 that is the difference of box 1 less box 2a.<BR />In response to manuser_22, the IRA/SEP/SIMPLE box is not checked.&nbsp;&nbsp;Box 2b "taxable amount not determined" is not checked.&nbsp;&nbsp;There is a value in box 2a that is less than box 1. Wed, 05 Jun 2019 01:06:19 GMT https://ttlc.intuit.com/community/retirement/discussion/in-response-to-turbotaxbillmc-the-1099-r-is-for-a-non-qu/01/487935#M45102 kdishmael 2019-06-05T01:06:19Z What code is in box 7? There is no such thing as a "non-... https://ttlc.intuit.com/community/retirement/discussion/what-code-is-in-box-7-there-is-no-such-thing-as-a-non/01/487943#M45103 What code is in box 7?<BR /><BR />There is no such thing as a "non-qualified IRA annuity".&nbsp;&nbsp;&nbsp;Any IRA is qualified even if there is an annuity held within the IRA.&nbsp;&nbsp;&nbsp;A Traditional IRA will always have the IRA box checked and the same amount in both box 1 ans 2a and box 2b checked.&nbsp;&nbsp;It does not sound like this is an IRA.&nbsp;&nbsp;If held in a Roth IRA then box 7 would be a code J, T or Q.<BR /><BR />If box 7 is a code "D" then it is a non-qualified annuity.&nbsp;&nbsp;&nbsp;The box 1 amount should be on line 16a and box 2a on 16b on the 1040 form (line 12a/b on 1040A).&nbsp;&nbsp;&nbsp;What is on your 1040? Wed, 05 Jun 2019 01:06:21 GMT https://ttlc.intuit.com/community/retirement/discussion/what-code-is-in-box-7-there-is-no-such-thing-as-a-non/01/487943#M45103 macuser_22 2019-06-05T01:06:21Z Thank you macuser_22!  I had inadvertently entered into T... https://ttlc.intuit.com/community/retirement/discussion/thank-you-macuser-22-i-had-inadvertently-entered-into-t/01/487952#M45104 Thank you macuser_22!&nbsp;&nbsp;I had inadvertently entered into TurboTax that the IRA/SEP/SIMPLE box was checked when in fact it was not checked on the 1099-R and continued to overlook that I had checked the box.&nbsp;&nbsp;That little oversight was what was causing the issue.&nbsp;&nbsp;TurboTax now gives me the same numbers as I have calculated manually.&nbsp;&nbsp;Thanks to you and all who provided comment to my question! Wed, 05 Jun 2019 01:06:22 GMT https://ttlc.intuit.com/community/retirement/discussion/thank-you-macuser-22-i-had-inadvertently-entered-into-t/01/487952#M45104 kdishmael 2019-06-05T01:06:22Z Solved in comments. https://ttlc.intuit.com/community/retirement/discussion/solved-in-comments/01/487959#M45105 <P>Solved in comments.<BR /></P> Wed, 05 Jun 2019 01:06:24 GMT https://ttlc.intuit.com/community/retirement/discussion/solved-in-comments/01/487959#M45105 macuser_22 2019-06-05T01:06:24Z
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topic Thank you macuser_22!&nbsp;&nbsp;I had inadvertently entered into T... in Retirement tax questions
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https://ttlc.intuit.com/community/retirement/discussion/thank-you-macuser-22-i-had-inadvertently-entered-into-t/01/487952#M45104
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Thank you macuser_22!&nbsp;&nbsp;I had inadvertently entered into TurboTax that the IRA/SEP/SIMPLE box was checked when in fact it was not checked on the 1099-R and continued to overlook that I had checked the box.&nbsp;&nbsp;That little oversight was what was causing the issue.&nbsp;&nbsp;TurboTax now gives me the same numbers as I have calculated manually.&nbsp;&nbsp;Thanks to you and all who provided comment to my question!
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<pubDate>Wed, 05 Jun 2019 01:06:22 GMT</pubDate>
<dc:creator>kdishmael</dc:creator>
<dc:date>2019-06-05T01:06:22Z</dc:date>
<item>
<title>
My program is picking 1099-R Box1as taxable income, not Box2a. Is anyone else having this issue?
</title>
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https://ttlc.intuit.com/community/retirement/discussion/my-program-is-picking-1099-r-box1as-taxable-income-not-box2a-is-anyone-else-having-this-issue/01/487901#M45097
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<P>When I calculate "income and adjustments" manually, it gives me an answer that is lower by exactly the amount of difference between Box 1 (Gross Distribution) and Box 2a (Taxable Amount), so it appears the program is using the Box1 amount as the taxable amount. &nbsp;<BR /></P>
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<pubDate>Wed, 05 Jun 2019 01:06:13 GMT</pubDate>
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<dc:creator>kdishmael</dc:creator>
<dc:date>2019-06-05T01:06:13Z</dc:date>
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Summaries in the program usually show gross amounts of in...
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https://ttlc.intuit.com/community/retirement/discussion/summaries-in-the-program-usually-show-gross-amounts-of-in/01/487906#M45098
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Summaries in the program usually show gross amounts of income, not taxable amounts.&nbsp;&nbsp;Look at the 1040 to see.&nbsp;&nbsp;Click on Forms on upper right, then 1040 on the left.
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<pubDate>Wed, 05 Jun 2019 01:06:14 GMT</pubDate>
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<dc:creator>Anita01</dc:creator>
<dc:date>2019-06-05T01:06:14Z</dc:date>
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<title>
Form 1040 Box 15a shows an amount that is higher than it...
</title>
<link>
https://ttlc.intuit.com/community/retirement/discussion/form-1040-box-15a-shows-an-amount-that-is-higher-than-it/01/487913#M45099
</link>
<description>
Form 1040 Box 15a shows an amount that is higher than it should be on Line 15a by the difference between Box 1 and Box 2a as I entered into Turbotax.&nbsp;&nbsp;If I enter the Box 2a amount as the gross distribution, then Line 15a reflects the correct amount. It appears TurboTax is picking up Box 1 as taxable, not Box 2a.
</description>
<pubDate>Wed, 05 Jun 2019 01:06:15 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/retirement/discussion/form-1040-box-15a-shows-an-amount-that-is-higher-than-it/01/487913#M45099
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<dc:creator>kdishmael</dc:creator>
<dc:date>2019-06-05T01:06:15Z</dc:date>
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<title>
Box 1 is supposed to be the taxable amount if you had no...
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<link>
https://ttlc.intuit.com/community/retirement/discussion/box-1-is-supposed-to-be-the-taxable-amount-if-you-had-no/01/487922#M45100
</link>
<description>
Box 1 is supposed to be the taxable amount if you had no "basis" (i.e., after-tax contributions) in your retirement vehicle. What type of vehicle is this 1099-R for, and did you have any after-tax contributions in it?
</description>
<pubDate>Wed, 05 Jun 2019 01:06:17 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/retirement/discussion/box-1-is-supposed-to-be-the-taxable-amount-if-you-had-no/01/487922#M45100
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<dc:creator>BMcCalpin</dc:creator>
<dc:date>2019-06-05T01:06:17Z</dc:date>
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<title>
What code is in box 7? Is the IRA/SEP/SIMPLE box checked?...
</title>
<link>
https://ttlc.intuit.com/community/retirement/discussion/what-code-is-in-box-7-is-the-ira-sep-simple-box-checked/01/487930#M45101
</link>
<description>
What code is in box 7?<BR />Is the IRA/SEP/SIMPLE box checked?<BR />Is the box 2b "not determined" box checked?<BR />Is there a value in box 2a that is less then box 1 or is box 2a blank?
</description>
<pubDate>Wed, 05 Jun 2019 01:06:18 GMT</pubDate>
<guid>
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<dc:creator>macuser_22</dc:creator>
<dc:date>2019-06-05T01:06:18Z</dc:date>
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In response to TurboTaxBillMC, the 1099-R is for a non-qu...
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https://ttlc.intuit.com/community/retirement/discussion/in-response-to-turbotaxbillmc-the-1099-r-is-for-a-non-qu/01/487935#M45102
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<description>
In response to TurboTaxBillMC, the 1099-R is for a non-qualified IRA annuity account.&nbsp;&nbsp;There were after-tax contributions made to it that were withdrawn and cashed out.&nbsp;&nbsp;That is the Box 1 amount.&nbsp;&nbsp;The only thing that should be taxed is the amount shown in Box 2a, which is the interest paid through the year on the money that was in the account.&nbsp;&nbsp;There is a value in Box 5 that is the difference of box 1 less box 2a.<BR />In response to manuser_22, the IRA/SEP/SIMPLE box is not checked.&nbsp;&nbsp;Box 2b "taxable amount not determined" is not checked.&nbsp;&nbsp;There is a value in box 2a that is less than box 1.
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<pubDate>Wed, 05 Jun 2019 01:06:19 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/retirement/discussion/in-response-to-turbotaxbillmc-the-1099-r-is-for-a-non-qu/01/487935#M45102
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<dc:creator>kdishmael</dc:creator>
<dc:date>2019-06-05T01:06:19Z</dc:date>
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<title>
What code is in box 7? There is no such thing as a "non-...
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https://ttlc.intuit.com/community/retirement/discussion/what-code-is-in-box-7-there-is-no-such-thing-as-a-non/01/487943#M45103
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<description>
What code is in box 7?<BR /><BR />There is no such thing as a "non-qualified IRA annuity".&nbsp;&nbsp;&nbsp;Any IRA is qualified even if there is an annuity held within the IRA.&nbsp;&nbsp;&nbsp;A Traditional IRA will always have the IRA box checked and the same amount in both box 1 ans 2a and box 2b checked.&nbsp;&nbsp;It does not sound like this is an IRA.&nbsp;&nbsp;If held in a Roth IRA then box 7 would be a code J, T or Q.<BR /><BR />If box 7 is a code "D" then it is a non-qualified annuity.&nbsp;&nbsp;&nbsp;The box 1 amount should be on line 16a and box 2a on 16b on the 1040 form (line 12a/b on 1040A).&nbsp;&nbsp;&nbsp;What is on your 1040?
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<pubDate>Wed, 05 Jun 2019 01:06:21 GMT</pubDate>
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<dc:creator>macuser_22</dc:creator>
<dc:date>2019-06-05T01:06:21Z</dc:date>
</item>
<item>
<title>
Thank you macuser_22!  I had inadvertently entered into T...
</title>
<link>
https://ttlc.intuit.com/community/retirement/discussion/thank-you-macuser-22-i-had-inadvertently-entered-into-t/01/487952#M45104
</link>
<description>
Thank you macuser_22!&nbsp;&nbsp;I had inadvertently entered into TurboTax that the IRA/SEP/SIMPLE box was checked when in fact it was not checked on the 1099-R and continued to overlook that I had checked the box.&nbsp;&nbsp;That little oversight was what was causing the issue.&nbsp;&nbsp;TurboTax now gives me the same numbers as I have calculated manually.&nbsp;&nbsp;Thanks to you and all who provided comment to my question!
</description>
<pubDate>Wed, 05 Jun 2019 01:06:22 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/retirement/discussion/thank-you-macuser-22-i-had-inadvertently-entered-into-t/01/487952#M45104
</guid>
<dc:creator>kdishmael</dc:creator>
<dc:date>2019-06-05T01:06:22Z</dc:date>
</item>
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<title>Solved in comments.</title>
<link>
https://ttlc.intuit.com/community/retirement/discussion/solved-in-comments/01/487959#M45105
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<description><P>Solved in comments.<BR /></P></description>
<pubDate>Wed, 05 Jun 2019 01:06:24 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/retirement/discussion/solved-in-comments/01/487959#M45105
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<dc:creator>macuser_22</dc:creator>
<dc:date>2019-06-05T01:06:24Z</dc:date>
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