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how to change simplified method of calculation

 
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1 Reply
JamesG1
Expert Alumni

how to change simplified method of calculation

Does your IRS form 1099-R include an amount in box 1 and box 2a?  If so, at the screens titled Annuity information, you may report the amount in box 2a as the taxable amount. 

 

In the IRS form 1099-R entry, at the screen Annuity information, select Yes at the question For the years you received these distributions, was the total amount shown in the form the amount you paid tax on? 

 

The taxable amount reported in box 2a will be reported as income on the income tax return.


 

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