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Level 2

Question

1099-R Summary

Forum|Forum|2 years ago
September 25, 2024
6 replies
66 views

on the Turbo Tax Line 26 Instructions it says "this does not include distributions with a Cose ...."D" does that mean I don't include the 1099-R's that have a code D in box 7 in , my investment income for the year

Level 6

Hello shg,

If you have a 1099-R , regardless of distribution code , you should always report it on your return and answers all the questions. TurboTax will calculate taxable part based on the answers.

Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!

shgAuthor

Level 2

but what does it mean in the instructions that says This does not include distribuiton swith a code...."D" that implies that it should be excluded in calculating Net Investment Income Tax

Level 6

Will it be possible for you to provide more details or a image/picture so that we know which section you are seeing this instructions?

Level 5

Hi, I am not clear about the line 26 instructions you are referring to...

However, you will not include your 1099R in investment income section; enter your 1099R in the Retirement and Social Security section.

Thank you for joining us today!