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I am filing 1040-SR form. On my 1099-R is states in Box 5.
I am filing 1040-SR form. On my 1099-R is states in Box 5. $315.92 and in Box 7 there is a 7 which on the back says a normal distribution. What does this mean? … read more
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Lev
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I received a 1099-R showing code J. I actually rolled this
I received a 1099-R showing code J. I actually rolled this money into another Roth IRA. What form needs to be filed to show that this isn't a taxable distribution?… read more
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Question about death benefits from an Annuity IRA being
Question about death benefits from an Annuity IRA being taxable to the surviving spouse. The surviving spouse received a 1099-R for the total balance that was in the annuity. The surviving spouse tran… read more
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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
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I'm helping my dad file his taxes and I have a question
I'm helping my dad file his taxes and I have a question regarding a 1099-R. He withdrew funds he had in an IRA, the company withheld taxes on those funds. After he received those funds his financial m… read more
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I had an annuity that the 5 years was up. We took it in a
I had an annuity that the 5 years was up. We took it in a lump sum. It was originally sent in $12,058.96 when distributed we got $14,048.49. No taxes were taken out. It was rolled over from a 403b fro… read more
Dr. Fiona Chen
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If I roll a 401 know retirement to a ira and didn't pay
If I roll a 401 know retirement to a ira and didn't pay taxes then withdrew from ira and paid taxes and penalties for early withdrawal am I penalizied … read more
Robin D.
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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
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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
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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
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What should I do with Form 5498 issued by Fidelity National
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rramsook
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In 2011, I rolled over TSP to traditional ira $111307 at my
In 2011, I rolled over TSP to traditional ira $111307 at my bank; then next day $75k rolled into money market ira, and $36k into CD ira. My bank sent me 1099-R for $121k; and 1099-R for $7152, which w… read more
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I cashed in several tax deferred accounts and bought an IRA
I cashed in several tax deferred accounts and bought an IRA annuity with the consolidated cash receipts. What I did was roll over IRA accounts into an IRA Annuity. How do I show this so that the accou… read more
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My wife sold her stock portfolio and cashed in her IRA She
My wife sold her stock portfolio and cashed in her IRA She had every intention of putting the money back into a retirement plan Her financial advisor put together a 100,000 flex plan and my wife wrote… read more
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I withdrew $60K from my rollover IRA and had no taxes taken
I withdrew $60K from my rollover IRA and had no taxes taken out. Within a week I determined that I only needed $40K, so I returned $20K. How should that be handeled on the form 1040 so that I am taxed… read more
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I have a Federal Income tax question. I have four 1099-Rs,
I have a Federal Income tax question. I have four 1099-Rs, The first one shows where I rolled, trustee to trustee, $62,000, which was a total distribution, from my 401-k to a simple IRA. The other thr… read more
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Suppose I withdraw $50,000 from a 403B in December 2009 and
Suppose I withdraw $50,000 from a 403B in December 2009 and another $50,000 from the same plan in January 2010. Within 60 days of the first withdrawal I rollover $50,000 into a traditional IRA. Which … read more
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Last year the Bank of America transferred $12,000 from my ...
Last year the Bank of America transferred $12,000 from my IRA to my regular brokerage accont without authorization. I made them return it to my IRA as I had already taken my disbursement for the year.… read more
Lev
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