Why is box 16 blank in one of my 1099-R's and filled out in another?
(in one 1099-R, box 16 is blank / retirement account)
(in my other 1099-R box 16 mirrors the gross distribution & taxable amount / boxes 1 & 2a) from a pension
When I enter the one where it matches the gross distribution/taxable amount, the state tax goes up dramatically. I tried to get clarification from my pension and retirement vendors (2 different vendors): All I get is "ours is right" ask the other vendor. The retirement vendor told me they decided as a company to leave box 16 blank. The pension vendor told me box 16 had to be completed and it reflected the amount owed to the state (WI). Since I owe state taxes on both the pension (box 16 completed) and the retirement distribution (box 16 blank) - I'm trying to figure out if there's an error in the 1099-R, or if that discrepancy is acceptable.
Why would one increase my state taxes by $3500 (box 16 blank), and the other one (box 16 blank), didn't impact it at all?
Any help would be greatly appreciated (the vendors tried, but never really answered my question). I hate to go to a tax preparer just to tell me if there might be an error in my 1099-R
