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I am reporting 1099R's on a trust in *. Other income. where
I am reporting 1099R's on a trust in *. Other income. where do i list the boxes from the 1099R? there is taxes withheld? Taxable vs non taxable income? I am struggling with this one. Plus there are 10… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,178 satisfied customers
Clients mother passed away and left large some of money for
Clients mother passed away and left large some of money for her daughter (my client) in inherited IRA. My client without knowing that inherited IRA money is not taxable unless you remove, took all the… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,178 satisfied customers
I have two 1099-R's. One is from OK Public Retirement System
I have two 1099-R's. One is from OK Public Retirement System and one is from a life insurance company. They are both in the estate of my brother who has passed away. How do I file a tax form listing t… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,178 satisfied customers
New Question - Client got sick and beneficiaries (2 kids)
New Question - Client got sick and beneficiaries (2 kids) started selling her rentals because she couldn't take care of them. During this time she passed away. All property went into her trust. So i h… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,178 satisfied customers
Taxpayer changed her job and went to another firm to work.
Taxpayer changed her job and went to another firm to work. She had a 4019(k) from the previous employer. She rolled over her 401(k) from her previous employer to another brokerage firm. But the broker… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
10,164 satisfied customers
I live exclusively on disability income which is non
I live exclusively on disability income which is non taxable, I have continued to file tax returns voluntarily despite not having to do so since I went on disability (this is a private insurance fund)… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,926 satisfied customers
Decedent had no trust, I am preparing an estate 1041. Distribution
Decedent had no trust, I am preparing an estate 1041. Distribution from 1099-R Box 1 is $231387. Box 2a is $ 4267. Surely the decedent's contribution is not taxable on the 1041! Do I use 2a to report … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,178 satisfied customers
I WAS MADE PERSONAL REPRESENTATIVE OF AN ESTATE. THE
I WAS MADE PERSONAL REPRESENTATIVE OF AN ESTATE. THE ATTORNEY TOLD ME THE MONEY I WOULD RECEIVE WAS A GIFT AND NOT TAXABLE. THEN I GOT 1099 R FOR THE AMOUNTS THAT EVERYONE RECEIVED. HOW DO I FILE THIS… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
I have a 1099-R estate tax return. Its an IRA with
I have a 1099-R for an estate tax return. Its an IRA with a code of 4 in box 7 Where does that go on the 1041 return.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,178 satisfied customers
I have a 1099R with the Estate as the beneficiary. From an
I have a 1099R with the Estate as the beneficiary. From an IRA. I assume all income is taxed on the 1041. No pass through to Beneficiaries since the estate was listed on 1099R. Correct?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,178 satisfied customers
I have a client who has received a 1099r made out to Name Family
I have a client who has received a 1099r made out to Name Family Trust using the Trust federal ID number. It's a total distribution with no taxable amount and a code of 6. We don't have to file a trus… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,667 satisfied customers
I have a 1099-R for a recipient that has died. My understanding
I have a 1099-R for a recipient that has died. My understanding is that this is not taxable as the code in box 7 is 4. How is this reported on the Estate Return? Thank you very much for your assistanc… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
I am aware that income on the 1099R goes on line 8 Other Income,
I am aware that income on the 1099R goes on line 8 Other Income, on the Form 1041 however I need to know if either the GROSS DISTRIBUTION on Line 1 or Taxable Amount on Line 2a is reported on Line 8 1… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,058 satisfied customers
I am in California. My mother passed away in April of this
I am in California. My mother passed away in April of this year. She has a BofA 12month Featured IRA in the amount of about $17,000. I have just filed a claim for it via a Small Estate Affidavit since… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,178 satisfied customers
I have several 1099-rs to file on a trust return. I understand
I have several 1099-r's to file on a trust return. I understand that this is reported as other income on line 8. Do I list the gross distribution (line 1) or the taxable amount (line 2a) If I list the… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,178 satisfied customers
My Dad passed away last year. My brother and I are the trustees
My Dad passed away last year. My brother and I are the trustees of the trust that received 111K (1099 says 48 taxable). We opened an account last April, the money was sent into the trust account. We t… read more
winktax
winktax
Enrolled Agent
Master's Degree
425 satisfied customers
We had a life insurance policy that they promoted as "being
We had a life insurance policy that they promoted as "being your own banker" where we paid in large payments over and above the premiums, and they called it paid up additions. The concept to them was … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,178 satisfied customers
I am the office manager for a new law firm. We have a question
I am the office manager for a new law firm. We have a question regardign whether we need to issue any 1099's or file a 1096? We had a couple of settlements and have had a regular stream of clients, bu… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
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