![]() ![]() ![]() View Federal 1040 tax return line 5a and 5b at Tax Tools / Tools / View Tax Summary / Preview my total value of your IRAs is needed because you took a distribution (your Required Minimum Distribution) from your account and the Form 1099-R probably indicates that the 'taxable amount cannot be determined' or you indicated that there had been non-deductible contributions to the IRA in the past. At the screen Enter Ages enter required information.At the screen Enter Annuity Information enter required information.At the screen Let’s figure Out How Much is Taxable, select I need to figure out how much of this money is taxable.At the screen Payment Start Year select Yes started getting payments in 2022.At the screen Any Periodic Payments? select Yes, got regular payments from this retirement account.At the screen Who gave you a 1099-R, select Financial Institution or other provider (1099-R).Was the recipient under the retirement age for the plan.The age of other beneficiaries (if there are any), and.The age of the recipient when the annuity started,.The number of months that payments were received in 2022,.The amount of the employee contributions (may be in box 5),.TurboTax Online will use the Simplified Method or the General Rule to determine the taxable portion for box 2a of your 1099-R.
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