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I got a 1099R with a code R in box 7. Is this taxable? It
I got a 1099R with a code R in box 7. Is this taxable? It has an amount in box 1 but zero in box 2.… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,903 satisfied customers
I have two 1099R forms which show charitable donations sent
I have two 1099R forms which show charitable donations sent directly from my retirement IRA to charities. I did this because I was advised that such transfers would be tax-free. My 1099R's show the di… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,903 satisfied customers
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
James Daloisio
Attorney
Doctoral Degree
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ONLY Traditional IRA distribution, I have a client who
This question is forCustomerONLYTraditional IRA distributionHi Roger,I have a client who receive the attach 1099-R. the 2b box is marked as taxable amount not determined. is that means the taxable amo… read more
taxmanrog
taxmanrog
Master's Degree
1,849 satisfied customers
I took 1 payment from my life insurance policy, which has
I took 1 payment from my life insurance policy, which has lost me money, started out metlife and now is brighthouse insurance, which is less that I invested. I received a 1099 R with figures in box 1 … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,903 satisfied customers
Lane responded to my last inquiry, but I think my question
Lane responded to my last inquiry, but I think my question is fairly routine for tax experts. Two questions re: 1099-R's received as the result of an estate settlement. My mother passed in 2016 and I … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,903 satisfied customers
Had investment in something called "Inflation Hedged Asset"
had investment in something called "Inflation Hedged Asset" this from 2013. My understanding is it was all lost. $60k invested. the IRA holder 1098'ed me in 2017 for the original investment value of $… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,740 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
11,912 satisfied customers
Rs, what is an irs Publication 575? I was filing for free
I was filing for free with H & R block, and it's telling me that i have to file this form because my 1099-R 1 is greater than 2a… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Son received 1099-R in 2014 as a decedent from mother who
Son received 1099-R in 2014 as a decedent from mother who died in 2013. The Code is 4D. The Box 1, gross distribution has an amount, but the Box 2a, shows $0.00, and Box 2b is not checked. Need direct… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
re SEP-IRA. Owner 75 yoa. Should a withdrawal from, and re-deposit
re SEP-IRA. Owner 75 yoa. Should a withdrawal from, and re-deposit to, this account in the same amount be reflected in form 1099R ? Doing so makes it taxable. Both 60 day limit and 12 month max met. D… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,892 satisfied customers
I have the following issue Last year, I made a mistake
I have the following issue: Last year, I made a mistake where I transfer $2000.00 into my Roth IRA, I called the next day and I told the bank that my intention was not to put the money there. The bank… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,903 satisfied customers
Hello, I have a question related to a 1099-R. My wife
Hello, I have a question related to a 1099-R. My wife inherited an IRA from her brother a few years back. We had to take the full amount over 3 years due to the age of their mother who was also a bene… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,903 satisfied customers
I took an early distribution (in kind) from a self directed
I took an early distribution (in kind) from a self directed IRA that is managed by a trust company in 2009 and had money withheld to cover tax and penalty at time of distribution (I am 47 years old). … read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
When preparing 2008 fed return, we discovered about $1000 of
When preparing 2008 fed return, we discovered about $1000 of excess SEP contributions had been made. Our financial advisor moved the $1000 to our traditional IRA account in April 2009 before our fed r… read more
Bill
Bill
Master's Degree
3,163 satisfied customers
My wife and I used the money in our Roth IRA accounts for a
My wife and I used the money in our Roth IRA accounts for a down payment on our first house. The money we took our of our Roth was the money we put in, no earnings. Are Roth's were started less than 5… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I inherited money from a realtives Insurance/IRA after her
Customer Each beneficiary should have received a 1099-R showing their portion. As far as the incorrect amount in 2a, is the "taxable amount not determined" box in 2b also checked? If so, do not worry … read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I was diagnosed w/breast cancer and was unable to work ...
I was diagnosed w/breast cancer and was unable to work almost the whole year (I'm an RN & my gross income was $398.30). I surrendered my IRA to pay medical bills but don't know how to enter this so th… read more
Wayne Brasch
Wayne Brasch
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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