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I am having a problem with VA due to a 1099-R on 2016. For
I am having a problem with VA due to a 1099-R on 2016 … read more
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Lev
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Bachelor's Degree Equivalent
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13 April 2018 11:42 I have a Form 1099-R reporting the
13 April 2018 11:42 I have a Form 1099-R reporting the amount I received, the $29,370.01 from my "Gross Distribution" from my "pensions, Annuities, Retirement, or Profit-Sharing Plan", IRAs, Insurance… read more
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Wife retired August 2016. I retired September 30, 2009. We
Wife retired August 2016. I retired September 30, 2009. We have income from IL teachers pension, social security and "required minimum distribution" from IRA accounts. We want to purchase ROTH's for 2… read more
keeperumiami
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I'm trying to find how to amend my 2016 tax return for
I'm trying to find how to amend my 2016 tax return for earnings from a distribution of an excess contribution. The corrective distribution was completed before 2016 due date. The 1099-R reporting the … read more
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I took 20,860.00, out of my Roth Ira acct. in 2017, I've had
I took 20,860.00, out of my Roth Ira acct. in 2017, I've had the investments for around 10yrs. I am under 59 1/2 yrs old. I need to knows if I am taxed on the earnings only, not the contributions. … read more
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I received a 1099-R for a life insurance policy that I
I received a 1099-R for a life insurance policy that I cashed in. Ive had the policy for thirty years and ive paid $61500 into it. box 1 says 158000 and Box 2 says 158000. taxable amount not determine… read more
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In calendar 2017, I made excess contribution to my Roth IRA.
In calendar 2017, I made excess contribution to my Roth IRA. I will withdraw excess contribution and interest earned prior to filing tax return. Will the interest earned be reported on my 2017 return … read more
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I received a Form 1099R on which a settlement from my Roth
I received a Form 1099R on which a settlement from my Roth IRA was listed as miscellaneous income and subject to taxes. I asked ***** ***** why money from my Roth IRA was considered taxable and was to… read more
Dr. Fiona Chen
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Lane, My wife had a Roth IRA that our financial advisor told
Lane,My wife had a Roth IRA that our financial advisor told us to move into a 529 plan.The 1099-R shows 8,100 as distribution and taxable amount of 8,100 (confused about this number, I dont think it s… read more
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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
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My income limit prevented contributing directly to Roth IRA
My income limit prevented contributing directly to Roth IRA as I've always done. Maximized ($5500) non-deductible contribution to traditional IRA and completed backdoor Roth conversion before the end … read more
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I am completing a Form 1099-R. There is no taxable amount
I am completing a Form 1099-R. There is no taxable amount since the Gross Distribution was RSO contributions to my 401K plan with after tax money. The bottom of the page shows the amount in Box 1 as t… read more
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I am a retired teacher in the state of Ohio trying to complete
I am a retired teacher in the state of Ohio trying to complete the state tax return. On the annual Benefit Statement, received in January, the 2011 YTD for Health deductions was over $8000. On the 109… read more
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I withdrew money I had in a universal life policy and cancel
I withdrew money I had in a universal life policy and cancel the policy I understood that at the time when I started to witdraw the money from this policy that I wouldn't have to pay taxes on it where… read more
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i I 1099 RECEIVED A 1099 FROM A IRA CUSTODIAN SHOWING A DISTRIBUTION
i I 1099 RECEIVED A 1099 FROM A IRA CUSTODIAN SHOWING A DISTRIBUTION OF 10000.00 DUE TO THE FACT THAT THEY WERE UNABLE TO RECEIVE A VALUE ON AN IRA ..INVESTMENT MADE IN 1998 I TOLD THE CUSTODIAN IN200… read more
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May I transfer the balance in a qualified defined contributio
May I transfer the balance in a qualified defined contribution plan, paid by the employer fot a 75 year old participantm to a Roth Ira a/c for the participant and pay the income tax on such transfer.… read more
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I inherited $20k pre-tax dollars from a retirement account
I inherited $20k pre-tax dollars from a retirement account of my ex-spouse. I would like to roll it over into a Roth IRA. I know I will have to pay income taxes on the money. But can I roll over the e… read more
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Bill
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a 1999 investment ($57,000) was only worth $21,000 in ...
a 1999 investment ($57,000) was only worth $21,000 in 2006. Account was closed and remaining funds put into a CD. Is the $21,000 ..reported as a distribution....is that money taxable income?… read more
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