How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Angie Your Own Question
Angie
Angie, Tax Preparer
Category: Tax
Satisfied Customers: 225
Experience:  Bookkeeping, Profit and Loss, Balance SheetsAll types of US Taxes, Tennessee taxes, Personal, business, payroll, sales tax etc.
69500136
Type Your Tax Question Here...
Angie is online now
A new question is answered every 9 seconds

I was trying to fill out an online free file 1099R .

Customer Question

I was trying to fill out an online free file for my 1099R . I took an 1. Early distribution. However the e file is asking me to answer the question whether I took a regular distribution or if I withdraw my 2015 contributions.
Should I mark regular distribution.
I'm under 59 years old
Submitted: 10 months ago.
Category: Tax
Customer: replied 10 months ago.
(Posted by JustAnswer at customer's request) Hello. I would like to request the following Expert Service(s) from you: Live Phone Call. Let me know if you need more information, or send me the service offer(s) so we can proceed.
Expert:  emc011075 replied 10 months ago.
Hi. My name is ***** ***** I will be happy to help you. Did you contribute to your IRA in 2015?
Customer: replied 10 months ago.
No
Expert:  emc011075 replied 10 months ago.
If you didn't make any contribution than you couldn't withdraw it.
Customer: replied 10 months ago.
I made withdrawals of 19k
Customer: replied 10 months ago.
I've gotten withheld 1600
Customer: replied 10 months ago.
Of taxes withheld
Expert:  emc011075 replied 10 months ago.
Yes, it is a early distribution subject income tax and 10% penalty unless you qualify for an exemption. You took an early distribution.
Customer: replied 10 months ago.
Yes I told you this above that I took an early distribution
Expert:  emc011075 replied 10 months ago.
I thought you asked which box should you check?
Customer: replied 10 months ago.
I want to know further as h & r block asks me on the free file if it's a regular distribution or if I withdrew 2015
Customer: replied 10 months ago.
Contribution
Customer: replied 10 months ago.
I'm sorry I no longer want a phone conversation it's way too expensive
Customer: replied 10 months ago.
I like the online texting
Expert:  emc011075 replied 10 months ago.
No, you couldn't make any withdrawal if you didn't make any contribution. It is a regular distribution, not a withdrawal of your 2015 contribution.
Customer: replied 10 months ago.
I'm not paying 38 plus another 52 bucks
Expert:  emc011075 replied 10 months ago.
I do not know what are you talking about.
Customer: replied 10 months ago.
I'm assuming I just mark my early distribution as a regular distribution and not that I withdrew 2015 contributions
Customer: replied 10 months ago.
Yes it's obvious you don't know what I'm talking about oh well.. con artist at its best!!
Expert:  Angie replied 10 months ago.
New expert here. You are correct. Mark it as a regular distrubtion, just be sure that you put the correct code that appears in Box 7. A 2015 contribution would only apply if you were withdrawing money that you deposited in 2015 in excess of the allowed amount.