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New Member
posted Mar 13, 2025 4:17:37 PM

On my OMB 1099R 2a shows Taxable Amount UNKNOWN. How much tax should I pay on this ?

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2 Replies
Level 15
Mar 13, 2025 4:26:45 PM

The software will calculate the tax owed--if any.   "unknown" is there because the financial institution that issued the 1099R does not have any way to know what other taxable income you received.   

Level 2
Mar 13, 2025 8:09:23 PM

You will use the simplified method.  When entering your 1099-R, next to the taxable amount is a learn more link.  click on that, scroll down until you find the simplified method link. Click on that and follow the instructions.