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May 9, 2025
Question

1099-R Problem

  • May 9, 2025
  • 1 reply
  • 0 views

I have a disbursement from a 403b account that came from the post-tax distributions I have received over the past seven years. The total distribution was $70K  but the taxable amount (box 2a) was only $55K. I have this entered correctly in my desktop Turbotax, BUT - the program keeps listing the entire $70K as my income. I've searched all over for a solution, but to no avail. Any ideas on a fix?

    1 reply

    May 9, 2025

    what codes in box 7, unless you are underage, the code should be 7 - normal distribution and are you sure you're looking at line 5b and not 5a, some screens will show the gross not the taxable amount. 

    willgalAuthor
    May 9, 2025

    The codes are "D7"

    willgalAuthor
    May 9, 2025

    And there is no "5B." It's just box 5.