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Chad. I previously asked you a question about a ROTH IRA I
Hi Chad. I previously asked you a question about a ROTH IRA I had that went into bankruptcy. After re-reading your responses to my questions, I want to clarify some information to be sure that your re… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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I received an after tax partial distribution from my 401k
I received an after tax partial distribution from my 401k that was initially rolled over from Fidelity to Ameriprise, where it was distributed from. I received a form 1099-R from Ameriprise. Line 1. h… read more
Lane
Lane
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In 2015 i converted a IRA to an roth IRA in the request
Hi Pearl, in 2015 i converted a IRA to an roth IRA in the request amount of $54,000. The actual disbursement amount received was $53,637.58 from the investment company. I was using the money to buy a … read more
PDtax
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re SEP-IRA. Owner 75 yoa. Should a withdrawal from, and re-deposit
re SEP-IRA. Owner 75 yoa. Should a withdrawal from, and re-deposit to, this account in the same amount be reflected in form 1099R ? Doing so makes it taxable. Both 60 day limit and 12 month max met. D… read more
Tax.appeal.168
Tax.appeal.168
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In 2011, I rolled over TSP to traditional ira $111307 at my
In 2011, I rolled over TSP to traditional ira $111307 at my bank; then next day $75k rolled into money market ira, and $36k into CD ira. My bank sent me 1099-R for $121k; and 1099-R for $7152, which w… read more
Bill
Bill
Master's Degree
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I have received 1099-R from New York Life in the amount of
I have received 1099-R from New York Life in the amount of 39K. This money was inherited after my father passed away last January. I asked the agent at the time how much of this would be taxable incom… read more
Robin D.
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My 2 kids are the beneficiatires of an IRA belonging to my
My 2 kids are the beneficiatires of an IRA belonging to my deceased aunt. The IRA was in the Pacific Life Annuity Fund. An advisor at the bank was the same person who created the IRA for my aunt when … read more
socrateaser
socrateaser
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I rolled over the interest, $10K from an annuity to an ira.
I rolled over the interest, $10K from an annuity to an ira. The principal ( pre-taxed money that I invested $100K) does not need to be reported since it is not taxable....just the interest, yet when I… read more
Lev
Lev
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I rolled a 401K over to a Roth IRA. Then because my new employer
I rolled a 401K over to a Roth IRA. Then because my new employer does not offer any 401K I started having an amount of money taken out of my paycheck and automatically deposited into my account at Cha… read more
Merlo
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I received a letter that I will be mailed a 1099R. Does a 1099R
I received a letter that I will be mailed a 1099R. Does a 1099R involve being taxed on money that I already withdrew? Also will I be taxed on this money that had federal and stare taxes withheld? If, … read more
Merlo
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I withdrew $60K from my rollover IRA and had no taxes taken
I withdrew $60K from my rollover IRA and had no taxes taken out. Within a week I determined that I only needed $40K, so I returned $20K. How should that be handeled on the form 1040 so that I am taxed… read more
Merlo
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I have a Federal Income tax question. I have four 1099-Rs,
I have a Federal Income tax question. I have four 1099-Rs, The first one shows where I rolled, trustee to trustee, $62,000, which was a total distribution, from my 401-k to a simple IRA. The other thr… read more
Merlo
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I closed out my simple IRA in 2009. The amount was 3006.10,
I closed out my simple IRA in 2009. The amount was 3006.10, 3000 of which was the initial amount used to open the IRA. No taxes were withdrawn from the IRA when it was closed, so how would I handle th… read more
JKCPA
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1099R QUESTION I made a 2008 IRA contribution in April 2008
1099R QUESTION I made a 2008 IRA contribution in April 2008 for the 2008 tax year. In January 2009 I asked the custodian to return the contibution. I didnot take a IRA deduction on my 2008 1040. Quest… read more
Merlo
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Suppose I withdraw $50,000 from a 403B in December 2009 and
Suppose I withdraw $50,000 from a 403B in December 2009 and another $50,000 from the same plan in January 2010. Within 60 days of the first withdrawal I rollover $50,000 into a traditional IRA. Which … read more
Merlo
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I had no other income 2008 however I withdrew an IRA early
I had no other income 2008 however I withdrew an IRA early Form 1099-R. Am using Turbo Tax and entered 0.00 wages and Salaries, no other income or interest and it will not accept the data. Do i have t… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
I purchased Viatical investments years ago as an IRA. The yearly
I purchased Viatical investments years ago as an IRA. The yearly IRA fees became too expensive for this non liquid investment. In 2008 I reclassified the IRA to a private invstment. Is there any way I… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
968 satisfied customers
I inherited money from a realtives Insurance/IRA after her
Customer Each beneficiary should have received a 1099-R showing their portion. As far as the incorrect amount in 2a, is the "taxable amount not determined" box in 2b also checked? If so, do not worry … read more
Mark D
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