Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Re: My client received a 1099-R as a government retiree. Why is the taxable portion being reduced due to Box 5?
My client received a 1099-R as a government retiree. Why is the taxable portion being reduced due to Box 5?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
AdrianeD
Level 3
03-16-2022
01:49 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My client received a 1099-R from a government retirement account. Box 5 Employee Contributions/Designated ROTH Contributions and Insurance Premiums shows an amount. "PSO" shows next to the amount on the 1040 line 5b and the taxable portion is being reduced. He is not a retired public safety officer. Why is the taxable amount being reduced? Is this a programming issue??
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
dkh
Level 15
03-16-2022
03:25 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Is this a new 1099R entry or one that carried forward from 2020? Have you double checked all your entries for the entire worksheet ?
