1099-R Summary

[shg]

on the Turbo Tax Line 26 Instructions it says  "this does not include distributions with a Cose  ...."D"  does that mean I don't include the 1099-R's that have a code D in box 7 in , my investment income for the year

[dev145]

Hello shg,

If you have a 1099-R , regardless of distribution code , you should always report it on your return and answers all the questions. TurboTax will calculate taxable part based on the answers. 

Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!

[DashonnonH]

Hi, I am not clear about the line 26 instructions you are referring to...

However, you will not include your 1099R in investment income section; enter your 1099R in the Retirement  and Social Security section. 

Thank you for joining us today!

[shg]

but what does it mean in the instructions that says  This does not include distribuiton swith a code...."D"  that implies that it should be excluded in calculating Net Investment Income Tax

[dev145]

Will it be possible for you to provide more details or a image/picture so that we know which section you are seeing this instructions? 

[shg]

don't know how to do that but it's when you right click on that line for "data Source

Overall is a code D in box 7 mean that it is or is not included in Net Invesment Income

[Katie-P]

@shg 

What is in Box 2 of your 1099-R? That amount will flow through to Form 8960 Part 1, line 3, in the Annuities section, where it will be included in your "total investment income" that is then subject to net investment income tax.