Turbo Tax erroneously is picking up Gross Distribution instead of Taxable Amount from my 1099R Will Turbo Tax correct this? What should I do?

Forum|Forum|6 years ago
June 1, 2019
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Best answer by CynthiaR

You need to go back to the Retirement Income section in TurboTax. Check the entry for that 1099R and change the amount in Box 2 which is your Taxable Amount. We could guide you on how to fix this but we do not know what Turbo Tax program you are using in order to be able to give you the steps to fix it.

dmertz

Employee

What is the code in box 7 of the Form 1099-R provided by the payer?
Is the IRA/SEP/SIMPLE box marked?
Is an amount shown in box 2a?
Is box 2b Taxable amount not determined marked?

Rosie126Author

What is the code in box 7 of the Form 1099-R provided by the payer?  7
Is the IRA/SEP/SIMPLE box marked?  No box with that description
Is an amount shown in box 2a?     Yes. The Taxable Amount
Is box 2b Taxable amount not determined marked?    It is not marked

This was the first year Turbo Tax made this error

Rosie126Author

My Turbo Tax is a Deluxe

dmertz

Employee

Erroneously marking the IRA/SEP/SIMPLE box in TurboTax would likely cause TurboTax to treat the box 1 amount as the taxable amount. Otherwise it's likely that TurboTax is including only the box 2a amount on Form 1040 line 4b as the taxable amount. The amount in box 2a would generally be less than the box 1 amount only if the remainder of the box 1 amount was shown in box 5 or box 6.

macuser_22

Employee

Sometimes making changes messes thing up. Try delete the 1099-R and re-enter it.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Rosie126Author

I'll try replacing the 1099-R and let you know. Inserting the sameTaxable Amount in the Gross Distribution Box works but I hesitate E-filing that. Thanks.

Rosie126Author

I did replace the 1099-R and Turbo Tax did pick up the Taxable Amount. Thanks. However on the 1040 it showed only that one amount in the space for the total 1099-Rs but the full correct total Taxable Amount.
There's no one n Turbo Tax to speak with for technical problems.

macuser_22

Employee

The taxable amount should be on the 1040 line 4b. Is it?

The box 1 gross distribution will show in the income summary screen since it is income, taxable or not.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Rosie126Author

It does since I took your recommendation and replaced that one 1099-R . Line 4b is correct. But now, only that one amount (out of four) for the 1099-R I replaced shows on line 4a. Strange.

macuser_22

Employee

IRA'a and other retirement plans are all on line 4 this year instead of two lines. If the gross amount and taxable amount are the same, TurboTax put the taxable amount on b4 and leaves 4a blank. When the taxable amount is less than the gross amount the taxable amount is added to b4 and the gross is added to 4a. That makes it look strange when all on one line.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**