Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I had a traditional IRA at Wells Fargo Advisors. 1. In
I had a traditional IRA at Wells Fargo Advisors.1. In January 2018, I took the minimum required distribution from that account. 2. In March 2018, Wells Fargo Advisors made a trustee to trustee (direct… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,170 satisfied customers
I have a client that her husband passed away in 2016.. in
I have a client that her husband passed away in 2016.. in 2017 she received a 1099-R from Midland National Life Insurance Co. Box 1 Gross Distribution is 123,701.73, Box 2 the taxable amount is .00--B… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,008 satisfied customers
How do I find out how much of my Social Security benefit is
How do I find out how much of my Social Security benefit is taxable? … read more
Bill
Bill
Enrolled Agent
Master's Degree
3,187 satisfied customers
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
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,440 satisfied customers
Client received 1099R that he shouldn't, what can we do?
Client received 1099R that he shouldn't, what can we do? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,902 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
8,618 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
15,018 satisfied customers
I had to start using my IRA. How do I pay my taxes now that
I had to start using my IRA. How do I pay my taxes now that I am using the fund from theIRA… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,902 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
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
346 satisfied customers
I was the beneficiary of an annuity this year and would like
I was the beneficiary of an annuity last year and would like to to know if I qualify for 10-year averaging. The annuitant was a 102-year old relative who purchased the annuities on her own (i.e. not t… read more
Bill
Bill
Enrolled Agent
Master's Degree
3,187 satisfied customers
I have a client in the following situation and not sure which
I have a client in the following situation and not sure which way to turn. Below is what is going on. Several years ago the clients purchased a joint NQ annuity . The purchase was a 1035 exchange from… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,440 satisfied customers
I and several coworkers sold our shares of stock through our
I and several coworkers sold our shares of stock through our Employee Stock Bonus plan. We all received 1099-R's from the Principal Financial Group, but most of them have the total amount taken in box… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,440 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
Enrolled Agent
Master's Degree
3,187 satisfied customers
My wife left a private company that provided her with a ESOP.
My wife left a private company that provided her with a ESOP. We took a lump sum distribution when she left in 2008. We received a 1099-B and a 1099-R form. Do we report both of them on our taxes (sin… read more
Bill
Bill
Enrolled Agent
Master's Degree
3,187 satisfied customers
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
Bill
Bill
Enrolled Agent
Master's Degree
3,187 satisfied customers
I inherited money from a realtives Insurance/IRA after her
Customer Each beneficiary should have received a 1099-R showing their portion. As far as the incorrect amount in 2a, is the "taxable amount not determined" box in 2b also checked? If so, do not worry … read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
My wife received $ll,000 as a beneficiary to her ...
My wife received $ll,000 as a beneficiary to her mother's mutual fund account. The company provided us a l099-R "Distributions From Pensions, Annuities, Retirement or Profit Sharing Plans, IRAs, Insur… read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x