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Level 1

Question

What is a state street retiree service?

Forum|Forum|7 years ago
June 6, 2019
11 replies
18 views

No text available

TurboTax Deluxe Online

xmasbaby0

Level 15

Where are you seeing that?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

SweetieJean

Alumni - Champ

Did you get a 1099-R from them?

lfrodri1

Level 2

No I did not.

HelenC12

Level 15

@Ifrodri1 If this information was automatically carried over from your 2018 tax return and you don't have a 2019 1099-R form from State Street Retiree Services, delete the information.

Open (continue) your return if you don't already have it open.
Inside TurboTax, search for 1099-R and select the Jump to link in the search results.
This will take you to the Your 1099-R Entries screen.
Select Delete next to the unwanted 1099-R and then answer Yes on the following screen.

Related Information:

Where do I enter my 1099-R?

Source: TurboTax FAQ

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Critter

Level 15

<a rel="nofollow" target="_blank" href="https://statestreet.ipaybenefits.com/static/escbenepay/images/RA_ProductSheet.pdf">https://statestreet.ipaybenefits.com/static/escbenepay/images/RA_ProductSheet.pdf</a>

SweetieJean

Alumni - Champ

They are a retirement plan administrator.

xmasbaby0

Level 15

If you received a 1099R: Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.

biegelboy

Level 2

How do you know the taxable amount if the taxable amount not determined is CHECKED and IRA/SEP/SIMPLE is unchecked?

Also, State Street Retiree Services for USPBGC is "Pension Benefit Guaranty Corporation", so they only step after your company fails to fund pensions, so the amount given is far less than the amount promised. Typically pennies on the dollar.

That being said, how does one figure out what part of income it taxed?

KrisD15

Level 15

It's calculated by the amount you contributed and your age.

IRS General Rule and Simplified Method

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biegelboy

Level 2

If this is a failed pension plan that was picked up by The Pension Benefit Guaranty Corporation and I lost 90% of the value promised by my now bankrupted employer, how do I factor the amount I contributed? If I'm only receiving 10 cents on the dollar promised, how to do factor taxable amount? Or do I plan it safe and assume its all taxable and give Uncle Sam 3 cents of the 10 cents?

ThomasM125

Level 15

Box 5 of your form 1099-R should list the amount you contributed to the plan. If not, then you would have to calculate that by considering how much you contributed per pay period and how may pay periods you contributed.

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Newlife13

Level 2

1099 duplicate

KrisD15

Level 15

It is a retirement plan administrator.

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benmills1940

Level 2

Can State Street Retirement Services provide Package ID and Doc ID data for downloading data to TurboTax?

herwigst

Level 2

It a Corp . that handles pension retirement payments for many firms. My firm just started using them as well.

Home office says it saves money . How can it save money when you use and pay a out side firm to do what you did in house?

DianeW777

Level 15

We appreciate your experience and concerns. The best resource for obtaining the necessary information is as noted and placed here for convenience. Please update for further assistance.

Contact State Street Retirement Services Center by using the link below. You can request your tax document.

Contact State Street - Call State Street's pension administration office, (877) 247-2769 or for international, (904) 791-2246.
- The phone center may be back logged like several agencies at this time.

@herwigst

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rich_won

Level 2

[Removed PII]

TOTEMTGOAT

Level 2

My turbo tax return is saying I have the wrong zip code for state street retiree services on my refund app. The 1099r says 02206 for the Boston Ma address.