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Returning Member
posted Feb 12, 2024 10:04:27 AM

How do I proceed in turbo tax with a blank in box 16 of a 1099-R? It was verified with the bank that it should be blank, but turbotax is not allowing it.

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4 Replies
Level 15
Feb 12, 2024 10:06:45 AM

If there are no state taxes withheld in box 14 of the Form 1099-R then leave boxes 14, 15 and 16 blank (empty)

 

If there is an amount in box 14 and box 15 has a state payer's ID entered, then use the amount in box 1 for the amount in box 16.

Returning Member
Feb 12, 2024 10:13:24 AM

Thank you.  State taxes were held out. The taxable amount (box 2a) is different from the gross distribution (box 1) Does that change anything?

Level 15
Feb 12, 2024 10:16:17 AM

No.  The box 2a is the taxable amount that is entered on your federal tax return and it flows to your state return.

The box 1 amount is the gross amount distributed and can be entered in box 16.

Returning Member
Feb 12, 2024 10:27:40 AM

Ok. Thank you.