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1099-R
Why does Turbotax calculate my tax on box 1 in 1099-R and not based on box 2a?
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1099-R
During the entry of the 1099-R, at the screen Describe the Taxable Amount, did you click:
- Yes, the amount in box 2a was used as the taxable amount, or
- No, a different amount was taxable?
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1099-R
What is the code in box 7?
Is the IRA/SEP/SIMPLE box checked?
Is the box 2b (not determined) checked?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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