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After retirement as of 12/31/16, I rolled over my 401k to a
After retirement as of 12/31/16, I rolled over my 401k to a retirement account IRA, and took the required minimum distribution. I now have a 1099-R for the entire amount in the 401k, as well as the di… read more
Tax.appeal.168
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I am just now filing my 2016 return. I am getting a refund.
I am just now filing my 2016 return. I am getting a refund. I usually E file but it is too late this year. I completed my return on Turbo tax. What IRS forms must I submit and what verification forms,… read more
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I received a death benefit from my deceased wife's IRA. They
I received a death benefit from my deceased wife's IRA. They withheld federal and state tax. Is this reportable income for me. They sent me a 1099-R form. My wife passed away on December of 2015 and I… read more
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Can anyone tell me if there is a death benefit exclusion for
Can anyone tell me if there is a death benefit tax exclusion for a lump sum distribution on a retirement account? My client received a 1099-R as one of two beneficiaries on her fathers retirement acco… read more
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I retired this tax year (2014) from the civil service, and
I retired this tax year (2014) from the civil service, and took an allowed partial disbursement from my Thrift Savings Plan (Federal Retirement Plan). Is this disbursement subject to State of Hawaii p… read more
Stephen G.
Stephen G.
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A dependent recd grant money of $2,500 and the tuition was
A dependent rec'd grant money of $2,500 and the tuition was $7,000. The parent will get the tuition as an education credit, who reports the grant money rec'd, the dependent or the parents? EIC rules, … read more
CFEPro789
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I had a 401k loan used for mortgage on primary residence.
I had a 401k loan used for mortgage on primary residence. My company\Employer had to close due to economy, I remain unable to find job, unemployed and not able to repay 401k which was rolled over. I w… read more
Lev
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Employer Paid my Health and welfare benefit to a 401k. I took
Employer Paid my Health and welfare benefit to a 401k. I took spouses health plan instead. The employer paid out the plan because of employment termination. Does this 401k money count as a health fund… read more
Lev
Lev
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I received a lump-sum payment from the proffit sharing plan
I received a lump-sum payment from the proffit sharing plan where I worked. They did take out the manditory 20% for federal taxes. there used to be a five year averaging so that the amount was spread … read more
Lev
Lev
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Bachelor's Degree Equivalent
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I was the benificiary of my fathers 401k. The state of SC
I was the benificiary of my father's 401k. The state of SC took the taxes. When I filed in 2009, I didn't report the inheritance. I was told it was not taxable. The state of SC reported the $$ 1099-R.… read more
Bill
Bill
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1. I recd a 1099-s stating gross proceeds from the sale of
1. I rec'd a 1099-s stating gross proceeds from the sale of my deceased mother's house. The house was in a trust; I am 1 of 4 beneficiaries. The house was not a main residence for any of the beneficia… read more
Gerri A Harrison CFP EA
Gerri A Harrison CFP EA
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my husband had a university 401k plan and each year when we
my husband had a university 401k plan and each year when we did our income taxes we paid pa state tax on the money that was deposited to the plan. my husband passed away in 2008 and i rolled over the … read more
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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
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I had to draw out my IRA ($24,000 was a regular IRA and $4000
I had to draw out my IRA ($24,000 was a regular IRA and $4000 was a Roth IRA). My financial institution withheld state and federal income tax (at my request) from the regular IRA. In addition to the 1… read more
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Lucy is 68 and retired. She recieves monthly retirement benefits.
Lucy is 68 and retired. She recieves monthly retirement benefits. Her 1099-R shows the following: Gross distribution and taxable amount: $61200 Federal tax withheld $7350 State tax withheld: 0 DUring … read more
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I received a 1099 r as a result of my father passing away
I received a 1099 r as a result of my father passing away and his ira being transfered to me. Is there anyway to avoid paying taxes on this?… read more
Bill
Bill
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I am an American citizen working overseas. In 2007, I ...
I am an American citizen working overseas. In 2007, I earned 100% of my salary from foreign sources and paid foreign taxes. However, I closed down a small US retirement account (<$1500) and was sen… read more
Lev
Lev
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My dad was the beneficiary of some stock that his mother ...
My dad was the beneficiary of some stock that his mother held. the company liquidated the stock and split the amount between the four children. on his 1099-R it states that the total amount is $17,500… read more
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