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Category: Income

What should I enter for Box 2a, Taxable Amount?

Generally, the issuer of the 1099-R will have an amount listed in Box 2a for the taxable amount. If no amount is listed, you will need to determine the amount yourself. 

 

* If this is a Roth Distribution that has been held for 5 or more years and you are withdrawing the contributions only, enter $0 for Box 2a. 

* If you made nondeductible contributions to a Traditional IRA and are withdrawing only the contributions and not any earnings, enter $0 for box 2a. 

* If you had a direct rollover from a qualified plan to another qualified plan, enter $0 for box 2a. 

* If you are a Public Safety Officer, click the 'Click here for options' link to complete the worksheet to calculate the taxable portion. 

* If none of these apply, select the 'Click here for options' link to complete the worksheet to calculate the taxable portion.