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I have received three 1099-R forms: 1) direct rollover from
I have received three 1099-R forms: 1) direct rollover from 401k plan to IRA with distribution code G (taxable amount is zero), 2) 401k after-tax distribution with distribution code 7 (taxable amount … read more
Barbara
Barbara
Enrolled Agent, Paralegal
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I had an CD IRA rollover of $30,410 to another CD IRA and a
I had an CD IRA rollover of $30,410 to another CD IRA and a $7,677 pension and a $16,000 distribution from a 401(k). The $30,410 plus $7677 are reported on line 16a and the taxable amount of $7,677 is… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,921 satisfied customers
How do you decide whether to use schedule d worksheet versus
how do you decide whether to use schedule d worksheet versus line 44 work sheet in 1040 instructions … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
What form do I use to file RMD? I received a RMD from my
I received a RMD from my 401K and IRA. How do I report the RMD? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,921 satisfied customers
Second opinion] which line for a 1099-rJA: The Accountant
Is there anything else important you think the Accountant should know?Customer: code "2" is on line 7 of the 1099-R… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I retired this year and have a pension and 401k that I
I retired this year and have a pension and 401k that I rolled over to an IRA, I got 1099R forms for both and entered them in the tax as expenses then entered in the IRA column the amount I rolled over… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,908 satisfied customers
I trying to do my 2014 tax return... I have $18K in capital
I trying to do my 2014 tax return... I have $18K in capital gains distributions. Per the 1040 instructions, I should complete Schedule D. I included the capital distribution amount on Line 13. Im not … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,908 satisfied customers
it also says PENSION PAYMENT IN THE FIRST BIB BOX. my 1099R
it also says PENSION PAYMENT IN THE FIRST BIB BOX. my 1099R says it is in fact a 1099R HOWEVER on this 1009r IT ALSO SAYS pension payment. that being so, don't I count it as pension payment (since it … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I receive a very small pension, which was reported to me on
I receive a very small pension, which was reported to me on a 1099-R. The person in the retirement office told me to enter the data from the 1099-r as a w-2. Should I follow this advice, or enter it a… read more
winktax
winktax
Enrolled Agent
Master's Degree
425 satisfied customers
How do you determine the taxable amount of your Soc. Sec.? Another question, how did my M
How do you determine the taxable amount of your Soc. Sec.? Another question, how did my M/C # XXXXX expiration date come up when I have never entered it for you?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,749 satisfied customers
In December 2011 I took money out of my retirement account
In December 2011 I took money out of my retirement account to pay my mortgage off ( to prevent foreclosure) I did pay federal taxes. Where on tax form do I record this so called income??… read more
Dave CPA
Dave CPA
Master's Degree
740 satisfied customers
I was laid off april 2011. At that time I had a 401K sponsored
I was laid off april 2011. At that time I had a 401K sponsored by my company and also a pension from my company. I rolled each of them directly over into a Traditional IRA account. I have NOT drawn an… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,646 satisfied customers
I am retired living in California and started receiving a $200
I am retired living in California and started receiving a $200 per month pension from the british government. Do I need to pay US taxes on that money? If so what form do I use since I don't have a 109… read more
Lev
Lev
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Bachelor's Degree Equivalent
27,908 satisfied customers
When we signed up my daughter for SSI (reason mental illness)
When we signed up my daughter for SSI (reason: mental illness) we were told she had to get rid of her Roth IRA of $10,707 because she could not own more then $2,000 to stay in the system. I thought O.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,908 satisfied customers
I am doing my mothers income tax. I have received a tabulation
I am doing my mother's income tax. I have received a tabulation of her income from the IRS. One section lists "Pensions & Annuities" ($15,952). Another section (1099-R) lists "Gross Distribution" ($14… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
I have a tax question about entries on a final K-1 schedule
I have a tax question about entries on a final K-1 schedule and am preparing an amended return for 2008. Where do I place on form 1040 the box 11 c item off the K-1?… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,278 satisfied customers
During the last 18 months of my employment as a local ...
During the last 18 months of my employment as a local municipal police officer in the Commonwealth of Massachusetts, I was on a tax exempt injury status for both federal and state income tax. During t… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I took an early retirement buyout package in May of this ...
I took an early retirement buyout package in May of this year. I rolled by 401K over to an IRA plan I had. When can I withdraw from this IRA and how much will I be taxed. I am 61 years old and need to… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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