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IRS tax question: If someone's parent died and they got a
IRS tax question:If someone's parent died and they got a 1099-R with an amount in box 1 and box 2a (same amount, say $25,000) and then the tax amount not determined box is checked, I understand that w… read more
taxmanrog
taxmanrog
Master's Degree
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I had a Roth IRA CD in one bank and when it matured I
Hi, I had a Roth IRA CD in one bank and when it matured I received a check and put the whole amount into another Roth IRA CD within 30 days. My 1099-R shows a code Q in box 7. It appears that the amou… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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This account started as a stock option from another
This account started as a stock option from another employer. I cashed the stock option and deposited it in my current employer's rollover IRA. I don't feel like all of the money is taxable. Maybe the… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,028 satisfied customers
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
Tax.appeal.168
Principal
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When I retired from the Commonwealth of Pa. I took my
When I retired from the Commonwealth of Pa. I took my contributions from my pension and rolled them into my Roth Account. The Commonwealth sent me two 1099R's. On for a reduced amount (minus the Feder… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,104 satisfied customers
I received a 1099-R, it has the amount in box 1 of the
I received a 1099-R , it has the amount in box 1 of the distribution I took, but in box 2a for the taxable amount it has the same amount. This can't be right because I paid back all but $11,000 within… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I have a client who received a 1099-R form disbursement from
I have a client who received a 1099-R form for a disbursement from her 401-K. The 1099-R indicates the gross distribution in box 1 was completely taxable in box 2. Monies were withheld in box 4 so my … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,805 satisfied customers
Son received 1099-R in 2014 as a decedent from mother who
Son received 1099-R in 2014 as a decedent from mother who died in 2013. The Code is 4D. The Box 1, gross distribution has an amount, but the Box 2a, shows $0.00, and Box 2b is not checked. Need direct… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,805 satisfied customers
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
Principal
8,650 satisfied customers
My wife died on Mar 30, 2011. She had two IRAs that my mutual
My wife died on Mar 30, 2011. She had two IRAs that my mutual fund rolled over into my name. Why are these IRAs now shown as income for me and taxable this year?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
I borrowed money from my Roth IRA. $4161.41 according to my
I borrowed money from my Roth IRA. $4161.41 according to my 1099-R. In box 2B on the 1099-R it is checked and in total distribution it is also checked. I still have money in my Roth, I did not take it… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I received a lump sum settlement from a Workers Comp case,
I received a lump sum settlement from a Workers' Comp case, and invested it with PNC Invesments. They called it an IRA rollover. I took a distribution in 2009 of $4,807.90 which is reported on form 10… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I inherited a Roth IRA from my aunt in 2009 along with my brother
I inherited a Roth IRA from my aunt in 2009 along with my brother and sister. The account was held at Morgan Stanley. We opened inherited Roth IRAs at Morgan Stanley and each had our third of my aunt'… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
I had a Roth that i withdrew before age 50. The amount of total
I had a Roth that i withdrew before age 50. The amount of total money i invested in it was $6208.04, the money i got back was $6061.32 (lost money throughout the years). Now i have a 1099 to file, and… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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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
Merlo
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558 satisfied customers
Isnt it true that all taxes & penalties were suspended in 2009
Isnt it true that all taxes & penalties were suspended in 2009 for early IRA withdrawls? In box 2a of my 1099-R there is nothing. Just blank. When using turbotax if I put a zero in the box I am owed o… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,805 satisfied customers
Last year the Bank of America transferred $12,000 from my ...
Last year the Bank of America transferred $12,000 from my IRA to my regular brokerage accont without authorization. I made them return it to my IRA as I had already taken my disbursement for the year.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 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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