Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax
This answer was rated:

My dependent son received a 1099-R in the amount of $5500

from his fathers pension since...
My dependent son received a 1099-R in the amount of $5500 from his fathers pension since his father passed away. Do I have to file their own tax return for that Pension amount?
Show More
Show Less
Ask Your Own Tax Question
Answered in 5 minutes by:
10/11/2017
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 16,000
Experience: 15years with H & R Block. Divisional leader, Instructor
Verified

Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

Ask Your Own Tax Question

Yes, your son will need to file and report the pension paid to him. As the beneficiary, he is taxed the same way his father would have paid tax on the pension had he not passed away. This does not stop you from claiming him as a dependent. You do need to make certain his return is marked that he can be claimed as a dependent.

Please let me know if you need more information.
If not then scroll up to see the STARS to rate so I am credited.

Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 16,000
Experience: 15years with H & R Block. Divisional leader, Instructor
Verified
Robin D. and 87 other Tax Specialists are ready to help you
Ask your own question now
Customer reply replied 2 months ago
Thank you.

You are most welcome.

Ask Your Own Tax Question
Ask Robin D. Your Own Question
Robin D.
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 16,000
16,000 Satisfied Customers
Experience: 15years with H & R Block. Divisional leader, Instructor

Robin D. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,336 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

16,000 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
This is question for a tax/pension type person. A client had
This is question for a tax/pension type person. A client had her sister working for her with a verbal agreement to take care of her during retirement, kind of an unofficial pension plan. in 2015 the c… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
What are the taxes rates 2016 for term gains in irrevocable
what are the taxes rates 2016 for long term gains in irrevocable trusts … read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
882 satisfied customers
I have an IRA account and the beneficiary on the account is
I have an IRA account and the beneficiary on the account is a Trust that I set up. So if I die, the IRA money goes into the Trust. I would like to know how that IRA money is taxed if I die. My total e… read more
Robin D.
Robin D.
Senior Tax Advisor 4
16,000 satisfied customers
My 4-year-old daughter received a 1099-r for an inheritance
My 4-year-old daughter received a 1099-r for an inheritance from an annuity. The 1099 is to my child, as minor, with me as guardian. Do I need to prepare a separate return for my 4 year old daughter? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,610 satisfied customers
Is Form 1099-R Box 9b distribution taxable? How long can I receive it?
I have a client who receives a 1099R each year. The benefit is a statement of survivor annuity paid. Each year the payer list the gross amount of distribution in box 1 and "unknown" in box 2 which is … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Beneficiary IRA tax question for a CPA. I have a deceased
Beneficiary IRA tax question for a CPA. Hi! I have a deceased client that named her Trust as the IRA beneficiary. The custodian won't send the 4 charities (all charities, no natural persons) directly … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
1099-R with distribution code 3. Can I get an earned income credit?
If someone receives a 1099-R with a distribution code 3, can they qualify for earned income credit? The person receives his pension because he became disabled.… read more
Bizhelp
Bizhelp
Certified Public Accountant (CPA)
Bachelor's Degree
638 satisfied customers
If I get a 1099-Q and I am not the designated beneficiary,
If I get a 1099-Q and I am not the designated beneficiary, but I pay qualified education expenses for my dependent, is this 1099-Q taxable? Please reference an IRS code section or part of a publicatio… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,610 satisfied customers
Filing my tax returns - did not receive a 1099 from aetna?
filing my tax returns - did not receive a 1099 from aetna? but i see it was put on return the last two years ( I've moved) don't even know what this is for but act asking for it … read more
abci168
abci168
Principal
27 satisfied customers
I have a 1099 R from Knights of Columbus stating they put
I have a 1099 R from Knights of Columbus stating they put into my husband's insurance $14, 000 + and of that amount $9,000 + is taxable. As far as I know we never authorized Knights of Columbus to pay… read more
abci168
abci168
Principal
27 satisfied customers
I received a 1099-R for a Roth IRA conversion but some of
I received a 1099-R for a backdoor Roth IRA conversion but some of the contributions made to the traditional IRA were nondeductible, one was deductible and there were some earnings. Is the entire amou… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
882 satisfied customers
I received a 1099-R for a IRA conversion, where I made a non
I received a 1099-R for a backdoor IRA conversion, where I made a non deductible contribution to a traditional IRA and converted it to a Roth IRA. The code says 2 on the 1099-R, would the conversion b… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I need the depreciation rate for my 2014 tax return, I now
I need the depreciation rate for my 2014 tax return My name is*****: What kind of computer do you have? Customer: I now have a lenovo and daughter filed for me so not to sava on here … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,252 satisfied customers
I received a form 1099-R issued on Feb. 6, 2017. It states
I received a form 1099-R issued on Feb. 6, 2017. It states that it is a form 1099-R for 2016. I put it in my 2017 file and failed to include it in my 2016 filing. I have been working with a 1040x atte… read more
Robin D.
Robin D.
Senior Tax Advisor 4
16,000 satisfied customers
Taxpayer received a 1099-R as a beneficiary of her deceased
Taxpayer received a 1099-R as a beneficiary of her deceased mother in 2016. The gross and taxable amounts are 28,806, taxable amount not determined and total distribution boxes are both checked. Distr… read more
Robin D.
Robin D.
Senior Tax Advisor 4
16,000 satisfied customers
Did not receive 1099- I did not receive form 1099- r for
I did not receive form 1099- r for income tax filing to show pension income for Dorothy Furdock acct # 2-10-17144. Needed by deadline A.pril 15 … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Is a 1099-R with box 7 code R taxable, roth to ira re
roth to ira re characterization in 2016 for rollover in 2015 generates a 1099-R with a box 7 code of R. It seems to me that that this movement of funds should be non taxable as the taxes should be paid upon withdrawal. … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I received a 1099 R from a former employer pension fund that
I received a 1099 R from a former employer pension fund that I 100% rolled over into a traditional IRA. Do I need to enter this in my tax program. … read more
ABC Accounting Group
ABC Accounting Group
Bachelor\u0027s Degree
682 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x