@Anonymous wrote:
It is in the name and tax id of the trust. However, box 2a which is the taxable amount shows zero. Box one shows a gross distribution, Box 5 indicates that it is an employee contribution/insurance premium. Some previous answers related to the 1099-r indicated that if box 2a shows 0, meaning 0 taxable amount, the information on the 1099-r does not need to be included on the 1041. Can anybody clarify the previous replies?
Thanks.
For a 401(k), box 5 is employee contributions which are NOT taxable when distributed.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
