Q1) yes that small amount in box5;( my understanding is my by-back was treated as a Roth
Q2)distribution code on smaller 1099-R is 7; Larger 1099-R is 2
Q3) I did answer regular distributions for the pension plan, it’s the same plan I’ve been drawing on for the past 10 years
Q4)It is not 2 plans it is (1) one qualified plan
Q5)box1 on 1099-R#1, is different from box1 on 1099-R#2; example 1099-R#1,$8,000, box7,2a; 1099-R#2,$4,000, box7,7
Q6)Early & later contributions- annuity/pension money was deducted pre-tax from payroll, when I started at 19, I earned $800/month, hence the $50/month, as years passed the amount increased, as I neared 30 + years the amount was over $300/month deducted pre-tax
I hope this answers your questions, as our tax deadline nears we are going to have the professionals handle it this year.
thank you for your insight and maybe it’ll help someone else out.
