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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
James Daloisio
Attorney
Doctoral Degree
1,388 satisfied customers
I made a withdrawal from my IRA last year. My advisor told
Hello, I made a withdrawal from my IRA last year. My advisor told me that I had 6 months to put the money back and not be save the income tax. I withdrew 7,000 and put 5,000 back, per his instructions… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,858 satisfied customers
My wife wanted to roll a 401k to an ira. due to a paperwork
my wife wanted to roll a 401k to an ira. due to a paperwork problem we received a disbursement instead, with 20% withholding. How do we go about getting everything rolled into an IRA for this position… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,905 satisfied customers
I am preparing taxes for my son. He received a 1099R showing
I am preparing taxes for my son. He received a 1099R showing $4800.35 of rollover to an IRA. The financial institution that receives the rollover issued a 5498 showing only $3761.68 I have been in com… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,905 satisfied customers
I have a client who received a 1099-R form disbursement from
I have a client who received a 1099-R form for a disbursement from her 401-K. The 1099-R indicates the gross distribution in box 1 was completely taxable in box 2. Monies were withheld in box 4 so my … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,905 satisfied customers
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
18,134 satisfied customers
I have a Sep IRA with one institution and I want to transfer
I have a Sep IRA with one institution and I want to transfer money from it to a Sep IRA held with ETrade. Institution 1 sent a check made out to **ME** (in my name) and they are classifying it as a di… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,683 satisfied customers
took funds from ira of $40000 and $30000 from two different
took funds from ira of $40000 and $30000 from two different ira's in 2014. within 60 days rolled over and put $40,000 back into one ira and $20,000 in the second ira. how is this taxed?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,858 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
7,134 satisfied customers
I took an excess distribution of my IRA in 2014, corrected
I took an excess distribution of my IRA in 2014, corrected it within one week by a rollover contribution to the same IRA. How do I report this on my 1040. Fidelity provides only the 1099R with the ori… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,905 satisfied customers
Some time ago I received a tax bill for a "Distribution" from
Some time ago I received a tax bill for a "Distribution" from my IRA. It was, in fact, a rollover and it was within the same month - January, 2011. I have submitted letters and documentary proof that … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,134 satisfied customers
I was working with Barb on this problem. She gave me an excellent
I was working with Barb on this problem. She gave me an excellent explanation but it seems as if my accountant maybe still confused. I took a 60 day rollover from my rollover IRA and deposited into my… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,665 satisfied customers
HISTORY: In 2009 I had an IRA at Schwab brokerage. At my
HISTORY: In 2009 I had an IRA at Schwab brokerage. At my request Schwab issued two checks which I hand carried to my credit union for deposit into a newly established IRA. The first check for approxim… read more
Bill
Bill
Master's Degree
3,170 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
2,693 satisfied customers
I received a letter from the IRS regarding our 2010 tax
I received a letter from the IRS regarding our 2010 tax return. Our gross income was under reported by by $58524. Additional taxes due $9930. HELP !!!!… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,905 satisfied customers
i moved my 401 k from merrill lynch to ameriprise IRA in november
i moved my 401 k from merrill lynch to ameriprise IRA in november of 2011..rollover was in total... i have a 1099r from Bof A. for the 401k rollover and a 5498 from ameriprise... should i include the … read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
i received a form 1099-r in 2010 whereby my 401k plan was rolled
i received a form 1099-r in 2010 whereby my 401k plan was rolled over to an ira as a total distribution. on what line does this distribution get included on the 2010 form 1040 tax return?… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,134 satisfied customers
My Dad converted an IRA to a Roth last year. He is 72 and recently
My Dad converted an IRA to a Roth last year. He is 72 and recently retired. He received two 1099R's from this transaction. One states the amount and then the code in box 7 is N which on the back says … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
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