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1099-R box 2a

My 1099-R has taxable amount in box 2a.  Does turbo tax automatically include this amount into my income?  How do I verify Turbo Tax included it?  The tax I owe does not seem to reflect that.

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1 Reply
rjs
Level 15
Level 15

1099-R box 2a

You can't tell from the amount of tax that you owe. If the 1099-R is for an IRA distribution (the IRA/SEP/SIMPLE box is checked) the amount that is included in your taxable income is on Form 1040 line 4b. If the 1099-R is for a pension or annuity (the IRA/SEP/SIMPLE box is not checked) the amount that is included in your taxable income is on Form 1040 line 5b.

 

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