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I have a 1099R from my Roth IRA. Box 1 shows $6,900. Box 2a
I have a 1099R from my Roth IRA. Box 1 shows $6,900. Box 2a and Box 14 are blank but both Federal(Box4) and NJ(Box 12) have number in them for tax wirthheld. Box 7 is also Q (Qualified Distribution fr… read more
Barbara
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I need help for my taxes in regards to a 1099 R. I put
I need help for my taxes in regards ***** ***** 1099 R. I put $4,000 into the IRA in 2008. I did not contribute anything after the initial distribution and I didn't take out any money until 2018. I to… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have received a JCPenney Erisa class action payment 1099-R
I have received a JCPenney Erisa class action payment 1099-R form. There is no distribution code in box 7. Federal taxes were taken out, but my turbo tax calls for the code. I have contacted the attor… read more
Rick
Rick
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I withdrew 10K from a Roth IRA. It came from contributions,
I withdrew 10K from a Roth IRA. It came from contributions, not earnings. What is the proper way to report this?… read more
Alexander Efros
Alexander Efros
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I closed out a Roth IRA account with in January that had no
I closed out a Roth IRA account with ***** ***** in January that had no interest and was less than the total amount I had contributed to the account over a 5 year period. I just received my statement … read more
Alexander Efros
Alexander Efros
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Masters of Business Administration (MBA)
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I withdrew 25,000 from my roth ira. I am 61 years old. I
I withdrew 25,000 from my roth ira. I am 61 years old. I just had my taxes done & H & R Block is telling me I owe over 5000 to the IRS. I thought in a Roth I didn't have to pay taxes on that. Are they… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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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
Tax.appeal.168
Tax.appeal.168
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What forms are necessary to withdraw funds from a Roth IRA
what forms are necessary to withdraw funds from a Roth IRA due to disability … read more
Tax.appeal.168
Tax.appeal.168
Principal
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Background: My company allows us to save using 3 different
Background: My company allows us to save for retirement using 3 different vehicles. Pre tax 401k (contribution and earnings taxable when withdrawn at 59 1/2) After tax 401 Roth (no taxes to be paid on… read more
emc011075
emc011075
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I have three 1099R forms. They each have a code of 1, G and
I have three 1099R forms. They each have a code of 1, G and J (ROTH). I also received a form 5498. Is there anything I need to do with these forms when I file my taxes. I guess what I am asking is whe… read more
Lev
Lev
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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
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i would like to know if a person had to take out some money
i would like to know if a person had to take out some money from an annunity,would their be an excise tax?… read more
Bill
Bill
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What is the correct 1099-R Box 7 Distibution code for this
What is the correct 1099-R Box 7 Distibution code for this scenario? During the 4th year of 72(t) plan, all IRA distributions were made after taxpayer turned 59 1/2... the 72(t) was still in effect (a… read more
Robin D.
Robin D.
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I and several coworkers sold our shares of stock through our
I and several coworkers sold our shares of stock through our Employee Stock Bonus plan. We all received 1099-R's from the Principal Financial Group, but most of them have the total amount taken in box… read more
Lev
Lev
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What are the correct forms for making withdrawls under IRS
What are the correct forms for making withdrawls under IRS Rule 72T? I have a client who has been using Premiere Select IRA One-Time Form but has been getting a "distribution code 2 instead of a "dist… read more
Bill
Bill
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In 2006, I contributed $2000 to a ROTH IRA. However, when I
In 2006, I contributed $2000 to a ROTH IRA. However, when I prepared my tax return, I realized that my income was too high and hence this contribution was not allowed. I withdrew this money, but did n… read more
Bill
Bill
Master's Degree
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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
Bill
Master's Degree
3,161 satisfied customers
AFTER A PERSON REACHES THE AGE OF 591/2 ARE THEY STILL
AFTER A PERSON REACHES THE AGE OF 591/2 ARE THEY STILL REQUIRED TO PAY TAXES ON CASH WITHDRAWALS FROM THEIR IRA ACCOUNT WHICH IS A COMBINATION OF ROLL OVER OF LUMP SUM RETIREMENT, ROLL OVER OF STOCKS,… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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