Retirement tax questions

<<IF this is NOT a Federal CSA-1099-R from the OPM>>

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What they are saying is box 14 cannot have a value if box 16 is empty.  NY is particularly picky about this, but other states may be also.

 

Go back to that 1099-R and edit it.

and....IF you only have one line for boxes 14-15-16...

...when you get to the page with box 14 on it, copy the value box 2a into box 16 as long as  2a has a non-zero value in it.  If box 2a is empty <edited>, then box 16 must be the Federally-taxable amount of box 1....which is usually box 1, but not always.

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Yeah, most 1099-R forms are issued with box 16 empty, but the software needs that value in there for a variety of reasons.

 

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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