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I got a 1099R with a code R in box 7. Is this taxable? It
I got a 1099R with a code R in box 7. Is this taxable? It has an amount in box 1 but zero in box 2.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
I have two 1099R forms which show charitable donations sent
I have two 1099R forms which show charitable donations sent directly from my retirement IRA to charities. I did this because I was advised that such transfers would be tax-free. My 1099R's show the di… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
I took 1 payment from my life insurance policy, which has
I took 1 payment from my life insurance policy, which has lost me money, started out metlife and now is brighthouse insurance, which is less that I invested. I received a 1099 R with figures in box 1 … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
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
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
My husband and I filed 2016 jointly and over contributed to
Hi, My husband and I filed 2016 jointly and over contributed to our Roth IRAs. We didn't realize this until after we filed our 2016 taxes and promptly withdrew the excess plus interest (in May 2017). … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
In 2016 I contributed to a Roth IRA. I contributed $6,500.
In 2016 I contributed to a Roth IRA. I contributed $6,500. In 2107, I took distribution of the Roth IRA. The distribution was $6,416. Since I can take distribution at any time without penalities on th… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
I usually file a 1040EZ because I do not have enough to file
I usually file a 1040EZ because I do not have enough to file the longer file. This past year I withdrew some money from my retirement. I am 60 years old and requested that they pay the taxes on the mo… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,610 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
I liquidated my Roth IRA due to divorce. I put in for close
I liquidated my Roth IRA due to divorce. I put in for close to 10 years and at the time of the trade totaled $20K. I made $300 off interest for my 10 years of investment...nice. Unfortunately, we only… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
I had early distribution ($10,000) of a roth IRA last year.
I had early distribution ($10,000) of a roth IRA last year. For PA-40 (pa state indiviudal tax return), tax program shows gross distribution, basis, PA taxable. In my case, would you let me know what … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
I need help with how to claim the Roth IRA distribution I took
I need help with how to claim the Roth IRA distribution I took last year. I took this distribution prior to age 59 1/2. I am to understand that I can take this withdraw without any penalty or tax as i… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
I received a letter from the IRS stating I owed $1,596 on my
I received a letter from the IRS stating I owed $1,596 on my 2010 return. The problem is with my 1099-R's. They say the amount reported to the IRS was $18,555 and the amount included on my return was … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
My wife died on Mar 30, 2011. She had two IRAs that my mutual
My wife died on Mar 30, 2011. She had two IRAs that my mutual fund rolled over into my name. Why are these IRAs now shown as income for me and taxable this year?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
I have a 1099-r for distribution from a anuity Trivant Financial,
I have a 1099-r for distribution from a anuity Trivant Financial, Field 1 is total distribution EG $ 200, Field 2 is taxable inc, eg $ 20 and field 5 eg 180. Turbo tax shows the the 200 as taxable inc… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
OK I AM LOOKING TO A 1099 R FROM A PENSION TRUST FUND BOX
OK I AM LOOKING TO A 1099 R FROM A PENSION TRUST FUND BOX 1 SAIDS 11,441.95 BOX 2 THERE IS NOTHING WRITEN BOX 2B SAYS TAXABLE AMOUNT NOT DETERMINE IS (CHECKED) TOTAL DISTRIBUTION (CHECKED) BOX 4 FEDER… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
I inherited a Roth IRA from my aunt in 2009 along with my brother
I inherited a Roth IRA from my aunt in 2009 along with my brother and sister. The account was held at Morgan Stanley. We opened inherited Roth IRAs at Morgan Stanley and each had our third of my aunt'… read more
Bill
Bill
Master's Degree
3,157 satisfied customers
I rolled over an IRA from one bank to another. My IRA ...
I rolled over an IRA from one bank to another. My IRA now is split into a CD with First National Bank and the rest is in a mutual fund with Synovous. First National Bank and Synovous are partnered tog… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
Where on 1040A is information from 1099-R reported
I am using a Turbo_ax program to process my taxes. I am confused about the information provided on a 1099-R form. Where is information such as "Gross Distribution", "Taxable Amount", and "Fed. Income … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,884 satisfied customers
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