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I'm 63 years old, still working full time and received a
I'm 63 years old, still working full time and received a profit sharing distribution that I rolled into an IRA. I'm in the process of doing my return and entering info from 1099R, There is nothing in … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,877 satisfied customers
When a taxpayer receives form 1099-R with no amount entered
When a taxpayer receives form 1099-R with no amount entered in box 2a and code 7 in box 7 (with the IRA box checked) the entire distribution: A. Is most likely taxable. B. Has been rolled into traditi… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,610 satisfied customers
What form do I need when I took a rollover of an annuity to
What form do I need when I took a rollover of an annuity to another company and th 1099R shows a total distribution because they sent me a check which I immediately signed over to the new company … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,877 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
31,877 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
10,610 satisfied customers
I made a direct transfer (same trustee) from my SEP IRA to
I made a direct transfer (same trustee) from my SEP IRA to my Traditional IRA.Will I get a 1099r for the SEP IRA if so what would box 7 indicate… read more
emc011075
emc011075
Tax adviser
Bachelor's Degree
5,700 satisfied customers
Filling out taxes for my Dad in Turbo tax, for Office of
Filling out taxes for my Dad in Turbo tax, for Office of personal management, show box 2a as unknown and does not have any boxes for 2b or 3. So do I check any additional boxes or just leave box 2a bl… read more
emc011075
emc011075
Tax adviser
Bachelor's Degree
5,700 satisfied customers
I retired this year and have a pension and 401k that I
I retired this year and have a pension and 401k that I rolled over to an IRA, I got 1099R forms for both and entered them in the tax as expenses then entered in the IRA column the amount I rolled over… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,877 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
17,888 satisfied customers
I am a small tax preparer and have never delt with annuities.
I am a small tax preparer and have never delt with annuities. But my inlaws had some money which they used to have in a CD but in 2012 decided to purchase an annuity. It is a nonqualified plan. She pu… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,877 satisfied customers
I received 1099R totaling 182,328 for a 2011 rollover of my
I received 1099R totaling 182,328 for a 2011 rollover of my IRA then later around the end of May I received form 5948 with rollover amount of 232,311. What is 5948 and which is the correct number to r… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
2,692 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
31,877 satisfied customers
OK, heres a separate issue for 2011 taxes. My company put
OK, here's a separate issue for 2011 taxes. My company put back for it's employees $300 a year. Referred to as a cas balance. When I retired in January 2011, I received my cash balance which was $22,3… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,877 satisfied customers
I received a 1099-R dist code 4 for $4165 with no Federal tax
I received a 1099-R dist code 4 for $4165 with no Federal tax witholding from an inheritance. Do I need to include this with my tax return? Will it be considered as added to my income?… read more
Bill
Bill
Master's Degree
3,157 satisfied customers
I redone several insurance policy to one policy, received several
I redone several insurance policy to one policy, received several 1099-r. most have box 2a as $0 amount, 2 have amounts of $7,131 and $450 in box 2a. Do I declare as income only the amount in box 2a? … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
how do I determine taxable amount on line 2a, form 1099R I
how do I determine taxable amount on line 2a, form 1099R? I was unemployed for all of calendar year 2009 and had other hardship exceptions due to this… read more
Bill
Bill
Master's Degree
3,157 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
3,157 satisfied customers
I withdrew and closed my 401k. i dont understand ...
I withdrew and closed my 401k. i don''t understand my state tax on it. I have already paid state tax on what I have contributed, so why does my 1099R have the total distribution amount listed?… read more
Bill
Bill
Master's Degree
3,157 satisfied customers
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