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Received a 1099R from a retirement account with a company i
received a 1099R from a retirement account with a company i worked at early in my career. The investment was in company stock and had a large value increase over the 30 years since. The 1099R showed t… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
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I hope you can. I received a 1099R for an annuity paid by my
I hope you can. I received a 1099R for an annuity paid by my deceased husband. it shows a gross distribution amount but in box 2a taxable amount it shows UNKNOWN. … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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I received a 1099-MISC for a life insurance payout. Do I
I received a 1099-MISC for a life insurance payout. Do I need to report this if it's non-taxable? … read more
Dr. Fiona Chen
Dr. Fiona Chen
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Iam doing my taxes, among the 1099R I have one from
Iam doing my taxes, among the 1099R I have one from Brighthouse for an annuity I cashed. Originally I put in $20,000 that was to accrue interest at which time I could cas. … read more
Bill
Bill
Master's Degree
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Question about death benefits from an Annuity IRA being
Question about death benefits from an Annuity IRA being taxable to the surviving spouse. The surviving spouse received a 1099-R for the total balance that was in the annuity. The surviving spouse tran… read more
Bill
Bill
Master's Degree
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My husband and I took $10,000 out of an annuity this year
My husband and I took $10,000 out of an annuity this year and gave $5,000 of it to our son and daughter-in-law to pay for medical expenses for their son who died on May 24, 2018. Is the $5,000 taxable… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,590 satisfied customers
My mother had a fixed annuity that we cashed out so she
my mother had a fixed annuity that we cashed out so she could qualify for medicaid. All of it was non-qualified. Now I've got a 1099-R for that and don't know what my choices are. … read more
Tax.appeal.168
Tax.appeal.168
Principal
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Does a 1099-R form mean that was a qualified account and I
does a 1099-R form mean that was a qualified account and I should be able to "rollover" the proceeds to a traditional IRA account without paying taxes on the gains now?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,673 satisfied customers
I have a client with a weird annuity issue. She purchased a
Hi Stephen: I have a client with a weird annuity issue. She purchased a qualified annuity for $50,000 in the 90's. Then, in 2000, she rolled it into a non-qualified annuity when the value was $74,334.… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,260 satisfied customers
I have a question about some 1099 forms we received for
Hi I have a question about some 1099 forms we received for a non-qualified annuity. I don't know how just answer works. How much will it cost for you to answer my question?… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
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I took one non-qualified annuity and rolled it over to a better
I took one non-qualified annuity and rolled it over to a better paying non-qualified annuity. I received a 1099R because it was from one company to another. Is the amount rolled over taxable?… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
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Purchased an fixed annuity with death benefits, receiving
Purchased an fixed annuity with death benefits, receiving monthly payments. Rquested a dollar amount to be taken for fed taxes. The annuity has a 3.5% intrest rate. In box 2a of the 1099-r form, what … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,926 satisfied customers
I am the beneficiary of a non-qualified fixed annuity that
I am the beneficiary of a non-qualified fixed annuity that was on a monthly payout to my mother. At the time of her death, I was told that the account value is only $100 different than the "cost basis… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,926 satisfied customers
We cashed out a non-qualified annunity, but have now been told
We cashed out a non-qualified annunity, but have now been told it is a qualifying annuity and received a 1099R showing the whole amount taxable. We contacted XXXXX XXXXXcock and they said they receive… read more
Bill
Bill
Master's Degree
3,157 satisfied customers
I rolled over the interest, $10K from an annuity to an ira.
I rolled over the interest, $10K from an annuity to an ira. The principal ( pre-taxed money that I invested $100K) does not need to be reported since it is not taxable....just the interest, yet when I… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,926 satisfied customers
I received a letter that I will be mailed a 1099R. Does a 1099R
I received a letter that I will be mailed a 1099R. Does a 1099R involve being taxed on money that I already withdrew? Also will I be taxed on this money that had federal and stare taxes withheld? If, … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
i received a letter from the irs claiming my mortgage company
i received a letter from the irs claiming my mortgage company claimed i paid 4000 in int when i have the 1099r showing i paid 24000 total interest in 2007 and also a 1099r for a retirement they claim … read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
Weve lost our 1099-R for 1989 which would show our cost basis
We've lost our 1099-R for 1989 which would show our cost basis on a deferred annuity which we transferred to new insurance company that year via 1035 Exchange. We surrender our deferred annuity last y… read more
Lou
Lou
High School or GED
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