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Question about 1099. It is a 1099 R code G ..but when I got
it is a 1099 R code G ..but when I got check I just cashed it in my checking and did not roll to another IRA or Roth ..how do I file /correct the 1099 R … read more
James Daloisio
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I recently received a 1099 R for a distribution from
Hello, I recently received a 1099 R for a distribution from Northwestern Life Insurance Co. … read more
Lev
Lev
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I over funded a ROTH IRA in 2018. I put $3000.00 in but only
I over funded a ROTH IRA in 2018. I put $3000.00 in but only have 1254.00 in reportable income for 2018. I began the process to close out the IRA last week. I also opened a new IRA last week and depos… read more
Lane
Lane
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I took 20,860.00, out of my Roth Ira acct. in 2017, I've had
I took 20,860.00, out of my Roth Ira acct. in 2017, I've had the investments for around 10yrs. I am under 59 1/2 yrs old. I need to knows if I am taxed on the earnings only, not the contributions. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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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
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Bachelor's Degree Equivalent
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I just received a check stock class action It was made out
I just received a check for a stock class action It was made out to my rollover IRA account When I deposited it into the account how is it treated I don't believe it is a rollover or regular contribut… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I just finished my taxes on taxact.com and it shows i owe $7500
I just finished my taxes on taxact.com and it shows i owe $7500 for federal. I think i am entering a roth distribution wrong. It shows up as taxable income. The roth was converted from a 401k back in … read more
jgordosea
jgordosea
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Bachelor's Degree
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In 2010 I failed to report a dividend from a foreign corporation
In 2010 I failed to report a dividend from a foreign corporation of $6,000. This is the only dividend I received from that company. I did not receive a form 1099. 20% tax was withheld on the dividend … read more
R. Klein, EA
R. Klein, EA
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Master's Degree
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in 2009 I rolled over 2 traditional IRA CDs from one Credit
in 2009 I rolled over 2 traditional IRA CDs from one Credit Union to another to get higher interest. The second credit union failed to list the CDs as traditional IRAs, but rather as regular CDs. When… read more
Lev
Lev
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I have contributed to a Roth IRA for the last three tax years.
I have contributed to a Roth IRA for the last three tax years. My AGI was too high, I discovered, for tax years 2011 and 2010. I need to recharacterize the contributions...so I'd like to open a tradit… read more
PDtax
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I am a recently retired teacher (June 2010) and have an income
I am a recently retired teacher (June 2010) and have an income from The California State Teachers' Retirement System of approximately $56,000. I receive a 1099 for this and pay taxes on it. In January… read more
DanielleCPA
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i made a roth ira contribution for year 2009. then when i was
i made a roth ira contribution for year 2009. then when i was filing for tax, the program told me that i wasn't qualified to contribute to roth ira. so i called the financial service and asked them ho… read more
Lev
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From a traditional IRA contribution of $4000, TURBO TAX determined
From a traditional IRA contribution of $4000, TURBO TAX determined I had an excess ($1607 + $16.29 interest) so I removed the excess from the IRA (put in savings). How do I report that now ? And also … read more
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I converted my 401(k) last November. I was under the assumption,
I converted my 401(k) last November. I was under the assumption, that I could roll over the After-tax portion into a Roth IRA and the remainder into a traditional IRA. Now I have received Form 1099-R … read more
Lev
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I am 50, single and living California. I was disabled many
I am 50, single and living California. I was disabled many years ago, I am living on a string. In 2010, my last employer finally suddenly approved me a lump-sum retroactive disability compensation, wh… read more
CGCPA
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Hi, I over-contributed to my 2009 Roth IRA because of my
Hi, I over-contributed to my 2009 Roth IRA because of my income and I have requested my financial institution to withdraw the excess including earnings. I got a letter back that confirms they will do … read more
Lev
Lev
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my husband had a university 401k plan and each year when we
my husband had a university 401k plan and each year when we did our income taxes we paid pa state tax on the money that was deposited to the plan. my husband passed away in 2008 and i rolled over the … read more
Merlo
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I prepared 1099-DIV for a land sold on an installment basis
I prepared 1099-DIV for a land sold on an installment basis and there were various stockholders . They received $1500.00 in 2008 In box 1a I report $1500.00 > My question is if I have to report a q… read more
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