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January 31, 2025
Question

Iowa 1099R, do I use Box1 Gross Distribution or 2a Federal taxable amount for income on Federal?

  • January 31, 2025
  • 1 reply
  • 0 views
line 5 is the difference says employee contributions.

    1 reply

    SteamTrain
    Employee
    January 31, 2025

    If 2a is lower than box 1 by the amount in box 5, then you just use 2a $$ amount.

     

    BUT, the tax software should automatically use the 2a value....unless there is some special circumstance I haven't thought of for the moment.

    ____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*