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I retired in 2018. My 401K was paid to me, I cashed the
I retired in 2018. My 401K was paid to me, I cashed the check then immediately rolled the full amount over to a Fidelity Investments 401k. The 1099B from my employer shows I received the full amount. … read more
Chad EA, CDFA®, CFP®
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IRS tax question: If someone's parent died and they got a
IRS tax question:If someone's parent died and they got a 1099-R with an amount in box 1 and box 2a (same amount, say $25,000) and then the tax amount not determined box is checked, I understand that w… read more
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My son cashed a retirement savings plan to be used to
My son cashed a retirement savings plan to be used to purchase first home. He received a 1099-R form with a distribution code of 1 in box 7. He was advised that cashing this purpose was exempt from 10… read more
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I rolled over a 401k from a previous employer into an Ira at
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Lane, My wife received a.1099-R from inherited account. Box
Lane, My wife received a.1099-R from inherited account. Box 7 is mark with code 4(death) IRA/SEP/SIMPLE. This account was find by a third party. This account was distributed to my wife at 67% and the … read more
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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
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Ed when I rolled over my 401K from my previous employer
Hi Ed when I rolled over my 401K from my previous employer to my current employer I was advised that it had $17,483 of Post 1986 after tax contribbtions needed to be rolled into a Roll IRA. I did this… read more
Lev
Lev
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there ok in 2011 I rolled over 11K from an 401K to an
HI there ok in 2011 I rolled over 11K from an 401K to an IRA. Four months later, the 401k division of my bank told me I had made excess contributions ( not more than the 15k permitted, but my company … read more
Lane
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I rolled over a Traditional IRA from CapitalOne into a Traditional
I rolled over a Traditional IRA from CapitalOne into a Traditional IRA from Schwab. I had received two 1099-Rs from CapitalOne: one with Box 7 listed as a '1', one with Box 7 listed as a '2.' I handed… read more
Lane
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exceptions to 10% penalty 401k distribution: I separated from
exceptions to 10% penalty 401k distribution: I separated from a company 6 years ago, and rolled over the entire amount of my 401k. in 2013, my company's plan was sued, and had to pay every 401k plan r… read more
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If a law firm breaks up and issues 1099-R distributions to
If a law firm breaks up and issues 1099-R distributions to its employees, is the amount distributed taxable? There was an option to take the distribution or roll it over, but I am wondering whether th… read more
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I am doing the tax return of someone who got a 1099-R for a
I am doing the tax return of someone who got a 1099-R for a rollover from a Roth 401k to a Roth IRA. Client is 34 years old and has only been contributing to the Roth 401k for 3 years. Gross rollover … read more
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I had a company retirement plan 401k left at a previous employer.
I had a company retirement plan 401k left at a previous employer. I got notice that I needed to take the money out or they would roll it over into and IRA. The 7095.65 that I had in the company 401k w… read more
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In 1997 I rolled over a 401k plan from a previous employer
In 1997 I rolled over a 401k plan from a previous employer to my current employer. As I was doing so, they previous employer 401k rep said that I had approx $8000 that was from after tax dollars that … read more
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i recently retired, i requested that my 401k be rolled over
i recently retired, i requested that my 401k be rolled over to a traditional ira, but i wanted the aftertax portion sent directly to me. the bank made a mistake and rolled the after tax money to my ir… read more
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i retire from sbc after 31 years service rolled over my ...
i retire from sbc after 31 years service rolled over my buyout and my 401k, the plan i was set up with my financial advisor, i draw 7% a month, was told i was exempt from paying the 59 1\2 rule of the… read more
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WHEN I TURNED 59 1/2 I TALKED TO MY 401K AGENT TO SEE IF I ...
Based on these two 1099-Rs, you will enter the sum of the amounts from box 1 on both forms on line 16a of Form 1040. Then on line 16b (the taxable portion) you will enter $55,725 (from box 2) and writ… read more
Bill
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Can after tax money in 401k be deducted from cost basis
Recently used NUA option to take lumped sum distribution of all company stock from 401k. Can I deduct the after tax money in 401k from the cost basis in reporting 2007 normal income and calculating 20… read more
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