I entered a 403(b) distribution from an educational institution. There is a portion of the distribution that results from employee contributions and should not be taxable. I entered this amount from the 1099-R 9b in Lacerte Screen 13.1, 9b. I expected the taxable amount on 2(a) to be decreased by the employee contribution on line 9b. The total distribution was taxed. Do I need to decrease 2(a) by the amount on 9b.? Thought the Lacerte software would automatically decrease the taxable amount.
Actually it was a defined benefit plan. Figured out where you enter the employee contribution. - screen 24, adjustments to income. Thanks for your help.
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