What was in box 2a iin the 2018 CSA 1099-R last year? Does that account for the non-taxable amount in 2018?
As the instructions say, this years starting point for the simplifies method must have the figures form last years simplified method worksheet. The amount of unrecoverable basis will change every year based of the carry forward values. If the simplified method is used you cannot skip a year.
The instructions for line 6 say "Enter any amounts previously recovered tax free in years after 1986. This is the amount shown online 10 of your worksheet for last year".
What method was used in 2017? If the simplified method was used and not used in 2018 then to use it in 2019 and beyond, the 2018 return must be amended to use the simplified method prior to doing 2019.
**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.**
