Solved

Why is my retirement income less than my retirement taxable income

Forum|Forum|2 years ago
August 18, 2023
2 replies
0 views

Under retirement Income Results, is shows my total retirement income being less than my taxable retirement income

TurboTax Deluxe Online

Best answer by VolvoGirl

1040 line 4a or 5a is less than the b line? Yes that can happen. Do you have more than 1 1099R? If the gross amount on one 1099R is the same as the taxable amount the gross amount is not included on the "a" line. Only the taxable amount on the b line is important. So make sure the taxable amount on "b" is right.

B

Bsch4477

Employee

Look at your 1040 lines 4,5and 6 (if applicable) and see if the amounts are correct.

VolvoGirlAnswer

Employee

1040 line 4a or 5a is less than the b line? Yes that can happen. Do you have more than 1 1099R? If the gross amount on one 1099R is the same as the taxable amount the gross amount is not included on the "a" line. Only the taxable amount on the b line is important. So make sure the taxable amount on "b" is right.