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My question is concerning 1099-R, I have permanent and total…

Customer Question
Hi, my question is...

Hi, my question is concerning 1099-R, I have permanent and total disability and box 2a is unknown, do I pay taxes on this money?

Accountant's Assistant: Thanks. Can you give me any more details about your issue?

I have no income except social security and was disabled while serving in the marines.

Submitted: 2 years ago.Category: Tax
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Answered in 17 minutes by:
2/13/2016
Tax Professional: Lev, Tax Advisor replied 2 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,856
Experience: Taxes, Immigration, Labor Relations
Verified

If you are permanently and totally disabled - that means - you woudl not have any early distribution penalty.

However most likely that distribution is include into your gross income.

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Tax Professional: Lev, Tax Advisor replied 2 years ago

Please provide total amount on your social security benefits and total amount of your pension.

I will determined your estimated tax liability in any.

.

I appreciate if you take a moment to rate the answer.
Experts are ONLY credited when answers are rated positively.
If you still have any doubts, need clarification - please be sure to ask.
I am here to help you with all tax related issues.

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