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11655: 1040 - 1099-R Distribution Amounts Doubling


1040 Individual

I entered a 1099-R, and completed the 8606 and/or ROTH screens, but the amounts on the 1040, line 4b or line 5b are not what I expect. Why?

 

A 1099-R is entered on the 1099 screen (located on the General tab) for distributions received. If the 1099-R distribution is being reported on another screen instead, mark the Exclude here; distribution is reported on... checkbox, under the Additional Information for this Distribution section, located on the bottom left of the 1099-R screen:

 

This tells the software not to carry the amount from the 1099-R screen, but to carry the 8606/ROTH screen entries to Form 8606 to calculate the taxable amount that flows to Form 1040, line 4b.

For more information on non-deductible IRA contributions, see the Form 8606 Instructions

In prior years, if the amount is being reported on the 8915-D or 8915-E, the taxable amount will flow to line 5b. See Related Links below for more information.

 

LinkBacks can also be useful for tracking these amounts. See Related Links below for details. 


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