@Klezmer wrote:
Box 2a of my 1099-R has taxble amount which is reduced by the rollover amount entered
in form 5498. Where is there a place on my 1040 to show the reduced taxable amount.
If the IRA/SEP/SIMPLE box is checked then that is an improper 1099-R. Traditional IRA distributions 1099-R's *require* that box a and box 2a have the same value and the "taxable amount not determined" box be checked.
If the 1099-R you received has the IRA box checked and box 1 and 2a are not the same then contact the insurer for a corrected 1099-R .
You report any rollover amount in the TurboTax interview, the 1099-R does not report it.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
