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On form 1099-R Box 1 shows 50,000, box 2 is 0, box 6 is
On form 1099-R Box 1 shows 50,000, box 2 is 0, box 6 is 51,000. Box 7 is code 6. Is any of this taxable even though box 2 says zero?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
I have a 1099R form for a 1035 annuity exchange where there
Second opinion] I have a 1099R form for a 1035 annuity exchange where there is no taxable amount in Box 2a. How do I indicate this on my Form 1040 since just putting a 6 did not work for my AARP tax h… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I closed out some investments and used the money to open
I closed out some investments and used the money to open inveswtments … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
i have a client that has a code 3 on her 1099-R and her box
i have a client that has a code 3 on her 1099-R and her box 2a says unknown how to fix that… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I inherited money from my mother from a retirement fund, an
I inherited money from my mother from a retirement fund, an annuity and an insurance policy in 2014. The retirement fund which was less than 5,500 I put into my IRA and the annuity I rolled over into … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have a question about some 1099 forms we received for
Hi I have a question about some 1099 forms we received for a non-qualified annuity. I don't know how just answer works. How much will it cost for you to answer my question?… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
What is my income tax liability, if any, for inheriting a Vanguard
What is my income tax liability, if any, for inheriting a Vanguard variable annuity worth approx. $30K? Actually, my sister also got--she lives in FL and I live in NY. We haven't claimed the $$ yet. T… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
I took one non-qualified annuity and rolled it over to a better
I took one non-qualified annuity and rolled it over to a better paying non-qualified annuity. I received a 1099R because it was from one company to another. Is the amount rolled over taxable?… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I am a small tax preparer and have never delt with annuities.
I am a small tax preparer and have never delt with annuities. But my inlaws had some money which they used to have in a CD but in 2012 decided to purchase an annuity. It is a nonqualified plan. She pu… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
received 1099-r as death beneficiary for 403b. Had lump sum
received 1099-r as death beneficiary for 403b. Had lump sum distribution and tax was withheld. the distribution was put into an annuity. How should all this be reported on 1040. I know I need to put t… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
My husband of 62 years of age, withdrew funds from his annuity
My husband of 62 years of age, withdrew funds from his annuity account, for a downpayment to purchase our home. The Annuity company withheld 20+ percent (Federal tax) due to the withdrawal amount. But… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I redone several insurance policy to one policy, received several
I redone several insurance policy to one policy, received several 1099-r. most have box 2a as $0 amount, 2 have amounts of $7,131 and $450 in box 2a. Do I declare as income only the amount in box 2a? … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
i have a client who withdrew money from his ira in 08. the
i have a client who withdrew money from his ira in 08. the gross distribution on the 1099r showed one figure while the taxable amount showed another. normally this taxable amount is what is carried to… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
Weve lost our 1099-R for 1989 which would show our cost basis
We've lost our 1099-R for 1989 which would show our cost basis on a deferred annuity which we transferred to new insurance company that year via 1035 Exchange. We surrender our deferred annuity last y… read more
Lou
Lou
High School or GED
272 satisfied customers
I recieved several 1099R forms from Life Insurance companies
I recieved several 1099R forms from Life Insurance companies for money I inherited when my father passed away last April. Do I need to include this on my income tax as income, and pay taxes on it?… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
A client of mine has investments. During the tax year, some
A client of mine has investments. During the tax year, some of these investments were transferred from one AXA Equitable Life ins account to Wachovia Sec. The money never touched her hand it was an pa… read more
Anne
Anne
Master Tax Preparer
3,422 satisfied customers
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
2,074 satisfied customers
I have a Variable Annuity which I brought back to its basis ...
I have a Variable Annuity which I brought back to its basis using 1035 exchanges with gains to another annuity. Once I got to my basis in the annuity, I made a partial withdrawl, (1035 exchange) and g… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
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