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In 2016, my husband and I withdrew funds from a Roth IRA.
In 2016, my husband and I withdrew funds from a Roth IRA. The money we withdrew were contributions, not earnings. We had our taxes done at H andR Block however we did not send our 1099-R's. The IRS is… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,388 satisfied customers
Why is my income showing increased when I add 1099-R with 0
Why is my income showing increased when I add 1099-R with 0 mentioned in column 2 and code G in column 7… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
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
15,144 satisfied customers
I received a distribution from my son's roth IRA (the
I received a distribution from my son's roth IRA (the 1099-R), as a beneficiary. He passed away last year. It was for $149.36. Do I need to include that in my taxes?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
My mom is a railroad retiree. I'm attempting to do her taxes
My mom is a railroad retiree. I'm attempting to do her taxes for the first time. Her railroad retirement has two Forms sent by RRB first is RRB-1099 and second is RRB-1099-R. Using H&R block and not f… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,992 satisfied customers
I am doing my daughters taxes...She is 25.....she had 15K in
I am doing my daughters taxes...She is 25.....she had 15K in a Roth IRA (after tax money) she withdrew 5K to help herself with money to move......every tax software I use is showing the Roth as additi… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,992 satisfied customers
A taxpayer received a 1099R from a life insurance company.
A taxpayer received a 1099R from a life insurance company. Block 1 shows a $73,363.16 and Block 2a shows $23.,363 as a taxable amount. Block 5 shows $50,000 and Block 7 has a code 4D. The 1099R was is… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
We rolled over a 401K to a traditional IrA then took a distribution
We rolled over a 401K to a traditional IrA then took a distribution on the ira. I've got two 1099s, one for the rollover and with for the distribution. When I enter the 1099s, they add the two when in… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
, I am Mike. Last year I did a direct rollover from my previous
Hi, I am Mike. Last year I did a direct rollover from my previous employer into an ira plan. I received a form 1099 R showing a gross distribution for the entire amount, zero taxable amount on line 2a… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I just finished my taxes on taxact.com and it shows i owe $7500
I just finished my taxes on taxact.com and it shows i owe $7500 for federal. I think i am entering a roth distribution wrong. It shows up as taxable income. The roth was converted from a 401k back in … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I have a 1099-R for a recipient that has died. My understanding
I have a 1099-R for a recipient that has died. My understanding is that this is not taxable as the code in box 7 is 4. How is this reported on the Estate Return? Thank you very much for your assistanc… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
how should I treat 1099 R? Do I need to include in to my wages?
how should I treat 1099 R? Do I need to include in to my wages? or is it only for an information purpose? I got this when I moved the my previous 401K to the current 401K plan… read more
Anne
Anne
Master Tax Preparer
3,422 satisfied customers
I recieve two pensions from my retirement, one is a regular
I recieve two pensions from my retirement, one is a regular pension - taxed as it should be. the second is a called a private pension fund. It is funded solely by private donations from citizens. Thes… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
On a 1099-R why would it have the "Q" code if they meed all
On a 1099-R why would it have the "Q" code if they meed all the criteria and should be a "7" code?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I am using HR Block online software to file my 2010 taxes.
I am using HR Block online software to file my 2010 taxes. I have some limited activity (even appears to be a small loss) reported to me on Schedule K-1 (Form 1065). The software does not allow me to … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 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
JKCPA
JKCPA
Certified Public Accountant (CPA)
Bachelor's Degree
4,666 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
I have a 403b tax annunity plan from work I took hardship ...
I have a 403b tax annunity plan from work I took hardship distrubutions this year without taxes being with held. I rec''d the 1099RS with #1 in box 7. I also took another distribution from the 403b an… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
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