Question

Is box 11 included in box 1 if it is a withdraw?

Forum|Forum|3 years ago
June 10, 2022
1 reply
0 views

TurboTax asks "Did you take money out of your nonqualified pension plan? But the amount due does not change with either answer.

TurboTax Deluxe Online

P

pk12_2

Employee

@txrands84 , is this a real situation needing tax discussions or you are just doing "what if" ? Most pension schemes are qualified and so the questions becomes (a) is this really a non-qualified pension scheme ? ; (b) did you take money out of the scheme (c) what is your age and (d) what was the reason / are you retired etc. ??

TurboTax I think will ultimately get to these questions ( and that may affect your tax liability ) but may be on this particular screen (that you are looking at ) it is just a place holder.

Is there more ?

S

SweetieJean

Employee

Please clarify your question. If you are asking Form 1099-R, box 11 is a year: the first year you made a contribution to the designated Roth account reported on this form. Box 1 is a dollar amount.