So I entered a 1099-R that lists "Taxable Amount Not Determined" (2b) and TurboTax doesn't include this distribution as a taxable amount, but it should!
Do I just declare the correct amount in "Taxable Amount" (2a), even though it's actually left blank on the 1099-R?
Is there another way to include the correct value?
Thanks
You'll need to sign in or create an account to connect with an expert.
If you know the amount that should be taxed enter it in 2a.
If you know the amount that should be taxed enter it in 2a.
But what was the 1099-R for and why didn't TT calculate it?
It was a 1099-R with just 2 lines.....the first line was for the entire amount of the IRA and it was rolled into an IRA with a different company (7- Distribution Code "G") and the second line was for the RMD amount that we had to take (7- Distribution Code "7").
Why they didn't list the entire amount of the second line on line 2a is a good question....
thnx
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
bilmarmur
New Member
bnsmit0
Level 2
tpgrogan
Level 1
CRAM5
Level 1
edmarqu
Returning Member