1099R

Forum|Forum|3 years ago
March 29, 2023
1 reply
4 views

1099R Box 2a (taxable amount) is left blank. However, Box 4 (Fed income tax withheld) is filled in. TT review says that Box 2a should be filled in and advises that it should be reviewed.

Best answer by tmunoz

If Box 2a is blank (empty) on your Form 1099-R, the taxable portion of your distribution needs to be calculated:

If the distribution is from a Traditional IRA, we'll ask you some questions regarding your non-deductible contributions and then calculate the taxable amount based on your information.
If the distribution is from a pension, we’ll consider the entire distribution taxable unless you can calculate the taxable amount and enter it in Box 2a. Don't enter an amount unless you know the taxable portion of your distribution. If you are unsure, you can contact the administrator who sent the form.

tmunozAnswer

Level 13

If Box 2a is blank (empty) on your Form 1099-R, the taxable portion of your distribution needs to be calculated:

If the distribution is from a Traditional IRA, we'll ask you some questions regarding your non-deductible contributions and then calculate the taxable amount based on your information.
If the distribution is from a pension, we’ll consider the entire distribution taxable unless you can calculate the taxable amount and enter it in Box 2a. Don't enter an amount unless you know the taxable portion of your distribution. If you are unsure, you can contact the administrator who sent the form.

marcwAuthor

Level 2

Traditional IRA-$360.

Thx!

AmyC

Level 15

If you have always been able to make deductible contributions to your traditional IRA, the full distribution amount is taxable.

If you have put after tax dollars into the IRA, you file a form 8606 each year to keep up with your basis and you would use that information to fill out the non-deductible contributions when asked. The program will calculate the taxable amount.

If you don't have an 8606 filed each year, the whole amount is taxable.

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