[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-4503":3},{"rec_id":4,"title":5,"text":6},"4503","The taxable amount, Box 2a, is not listed on my 1099-R. What do I enter?","Usually, you simply enter what's on your paper \u003Ci>Form 1099-R, Box 2a\u003C/i>. If you enter an incorrect amount in Box 2a, your tax return will be incorrect.\n\u003Cbr>\u003Cbr>\n\u003Cb>IRA Distribution\u003C/b>\n\u003Cbr>\u003Cbr>\nWhen it's an IRA distribution, don't worry about \u003Ci>Box 2a\u003C/i>. Our software calculates the taxable amount from \u003Ci>Box 1\u003C/i> (gross distribution) and the IRA details you provide after the 1099-R screen\n\u003Cbr>\u003Cbr>\n\u003Cb>Pension or Annuity Distribution\u003C/b>\n\u003Cbr>\u003Cbr>\nWhen it's a pension or annuity distribution, \u003Ci>Box 2a\u003C/i> controls what's taxed. The amount you enter in \u003Ci>Box 2a\u003C/i> on the 1099-R screen is what will be reported as taxable income.\n\u003Cbr>\u003Cbr>\nIf you have a pension or annuity distribution and the payer left \u003Ci>Box 2a\u003C/i> blank on your \u003Ci>Form 1099-R\u003C/i>, you'll need to calculate how much of your pension distribution is taxable and enter that amount in \u003Ci>Box 2a\u003C/i>. The full amount of the pension distribution is usually taxable, so typically you will enter the same amount from \u003Ci>Box 1\u003C/i> gross distribution into \u003Ci>Box 2a\u003C/i> taxable amount. \u003Cbr>\u003Cbr>If you did a direct rollover of your pension account to another qualified pension plan, then \u003Ci>Box 2a\u003C/i> will usually be blank and should be left blank.\n\u003Cbr>\u003Cbr>\nMost pension distributions are fully taxable. If you made after-tax contributions, part of the pension distribution isn't taxable. Use the Simplified Method Worksheet in the IRS Form 1040 instructions to compute the taxable amount and enter that in \u003Ci>Box 2a\u003C/i>. \n\u003Cbr>\u003Cbr>\n Here are some additional notes on after-tax contributions:\n \u003Cul>\n \u003Cli>After-tax means your W-2 wages were not reduced by your contributions.\u003C/li>\n \u003Cli>Annuities are often funded with after-tax dollars.\u003C/li>\n \u003Cli>Most pension plans, such as 401(K)s, are not funded with after-tax dollars and are fully taxable when you receive the distribution.\u003C/li>\n \u003C/ul>",1777391544942]