- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
This is a simple work around to post the 1099-R with both taxable and Nontaxable funds.
On sidebar
- Select Federal
- Wages & Income
- Select Wages and Salaries, or Revisit
- Scroll to Retirement Plans and Social Security
- Select the type of income.
- IRA, 401(k), Pension Plan Withdrawals (1099-R)
- Social Security (SSA-1099, RRB-1099)
- Canadian Registered Pension Income
- At this point you can edit an existing document of [Add another 1099-R]
- If a new 1099-R continue to Let's import your tax info
- You can import by selecting your provider.
- Follow the instructions.
- or [Change how I enter my form]
- [Type it Myself]
- Post your information.
- If you have a taxable amount that is different from the total amount, enter it in Box 2a.
- Continue the interview to
- Tell us if Cynthia moved the money through a rollover or conversion.
- Select I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days).
- Did (You) rollover all of this $(Full Amount) (Box 1) to another retirement account?
- Respond No, (You) rolled over less than $(Amount).
- Enter the amount rolled over. most likely the taxable amount from Box 2a.
- Complete the interview.
The screens below show a $3,400 distribution, with a $2,000 taxable amount.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 6, 2023
7:36 AM