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I have a client that her husband passed away in 2016.. in
I have a client that her husband passed away in 2016.. in 2017 she received a 1099-R from Midland National Life Insurance Co. Box 1 Gross Distribution is 123,701.73, Box 2 the taxable amount is .00--B… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
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This is pertained to Form 1099-R from Office of Personnel
this is pertained to Form 1099-R from Office of Personnel management retirement operationBox 1 Gross distribution $15000 Box 2a Taxable amount: unknown Box 5 Employee contributions/designated Roth Con… read more
emc011075
emc011075
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Bachelor's Degree
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On Form 1099 -R: Box 1 show a $400 and in box 7 distribution
On Form 1099 -R: Box 1 show a $400 and in box 7 distribution code: W. Box 8: other :400.1. Is this 400 taxable? box 2a is blank 2. The box 7 distribution code W is charges/payments for purchasing LTC … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,944 satisfied customers
I am completing a Form 1099-R. There is no taxable amount
I am completing a Form 1099-R. There is no taxable amount since the Gross Distribution was RSO contributions to my 401K plan with after tax money. The bottom of the page shows the amount in Box 1 as t… read more
Tax.appeal.168
Tax.appeal.168
Principal
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I and my spouse are over the age of 70.5 yrs old. I received
I and my spouse are over the age of 70.5 yrs old. I received a 1099-R with a Distribution Code 1D. This 1099-R is under a family trust using the taxpayer's social security number. Do I qualify for an … read more
R. Klein, EA
R. Klein, EA
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Master's Degree
3,104 satisfied customers
I took a loan against my 401K in January of 2006 to buy a home,
I took a loan against my 401K in January of 2006 to buy a home, I quit my job in October of 2013, but was unable to continue to pay for the loan beacuse the job I took was for a stubstantion less mone… read more
Stephen G.
Stephen G.
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Bachelor's Degree
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My Brother and I are joint owners on a non-qualified annuity.
My Brother and I are joint owners on a non-qualified annuity. I took a distribution from it in 2011, but because the Insurance Co. named him first on the contract, he received the 1099-R for the distr… read more
winktax
winktax
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Master's Degree
425 satisfied customers
A Client recd a 1099-R with box 2a, and 2b blank, and box
A Client rec'd a 1099-R with box 2a, and 2b blank, and box 7 with code "W". Is the amount in box 1 taxable? If so, is there any offset through otemization, etc. Thx.… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
I have a 1099-R, box 1 12097, box 7 code 1, box 2b is checked
I have a 1099-R, box 1 = 12097, box 7 = code 1, box 2b is checked and total distribution, and IRA simple is checked, and no taxes withheld. Also have a 1099-R, box 1 = 1028, box 7 = code 1, box 2 = 10… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
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In June 2010 I converted $10,000 from IRA to roth. Bad move,
In June 2010 I converted $10,000 from IRA to roth. Bad move, value in roth went from $10,000 to $9000. So I re-characterized back. I understand that only $9000 went back into my IRA, but I have a ques… read more
Bill
Bill
Master's Degree
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My father took a terrible fall and is in the hospital/rehab
My father took a terrible fall and is in the hospital/rehab and then will go to a nursing home. We have no idea for how long. He is currently in no way able to make any decisions on his own. In the mi… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I have a client who sold a house in Ohio and is exempt from
I have a client who sold a house in Ohio and is exempt from any taxes so I will not show anything on capital gains or loss. The problem is he drew out all his health savings of 29000. and another for … read more
Bill
Bill
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I have a client in the following situation and not sure which
I have a client in the following situation and not sure which way to turn. Below is what is going on. Several years ago the clients purchased a joint NQ annuity . The purchase was a 1035 exchange from… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My husband and I are separating; not divorcing. He will be
My husband and I are separating; not divorcing. He will be using his 401(k) money to buy his primary residence. I will continue living in our current house which is in both of our names. It is our und… read more
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I have received a 1099-R form from XXXXX XXXXXcock ...
I have received a 1099-R form from XXXXX XXXXXcock Variable Life Ins. it has 1. Gross distribution of $7,498 & 5. employee contributions/insurance premiums of $6,815.42 This might be a stupid question… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
In 2006, I contributed $2000 to a ROTH IRA. However, when I
In 2006, I contributed $2000 to a ROTH IRA. However, when I prepared my tax return, I realized that my income was too high and hence this contribution was not allowed. I withdrew this money, but did n… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
I was diagnosed w/breast cancer and was unable to work ...
I was diagnosed w/breast cancer and was unable to work almost the whole year (I'm an RN & my gross income was $398.30). I surrendered my IRA to pay medical bills but don't know how to enter this so th… read more
Wayne Brasch
Wayne Brasch
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Master Degree
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I have taken out $40000 from my 401 k account in 2005. I ...
I have taken out $40000 from my 401 k account in 2005. I consider this a hardship withdraw and I have legitimate reasons for it. My question is what do I need to do in my return to let IRS know about … read more
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Ed Johnson
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