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Retirement tax questions
Hi, thank you for your help. Box 1 has gross amount. 2a, 2b and total distribution are blank, box 3 blank. box 4 has the 10% I paid when I took the money out, the letter said sorry they died, sign this form, do you want takes taken out. So box 4 and box 14 have 10% of box 1 paid federal and state. I later learned state doesn't want it so I get that refund. Since box 2a is blank, it is adding the whole amount to my income, making it quite heavily taxed. Distribution code is 4 and the box IRA/SEP/Simple is checked. nothing in box 10 or 11. There's no box 12 or 13, box 14 as stated above is the state tax paid already, box 15 is their ID, and 17, 18, 19 are blank.
I will be contacting the company to see if they have any information, he died in January 2020 so I said no to any RMDs being required for 2020. I don't know if he made any after tax contributions, I have to ask the company. Correct I said yes to he died, entered his first name, and 2020. He was born before 1949, in 1945. I was the only listed beneficiary, even if my Mom had not already passed away it would have come to me as a directed beneficiary payment. He had a very basic will, no trust, no estate, we used a small estate affidavit to close out checking, etc. No probate.