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Level 2
May 9, 2025
Question

1099-R Problem

  • May 9, 2025
  • 1 reply
  • 8 views

I have a disbursement from a 403b account that came from the post-tax distributions I have received over the past seven years. The total distribution was $70K  but the taxable amount (box 2a) was only $55K. I have this entered correctly in my desktop Turbotax, BUT - the program keeps listing the entire $70K as my income. I've searched all over for a solution, but to no avail. Any ideas on a fix?

    1 reply

    Mike9241
    Level 15
    Level 15
    May 9, 2025

    what codes in box 7, unless you are underage, the code should be 7 - normal distribution and are you sure you're looking at line 5b and not 5a, some screens will show the gross not the taxable amount. 

    Mike9241
    willgalAuthor
    Level 2
    May 9, 2025

    The codes are "D7"

    willgalAuthor
    Level 2
    May 9, 2025

    And there is no "5B." It's just box 5.