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Retirement tax questions
This may be happening based on questions that were answered about the pensions. If you know that you have no cost basis in any of the pensions then it should all be taxable. The taxable amount should be listed in box 2a in all Forms 1099-R. Review each of your forms to be sure they have all been entered correctly. Sometimes one incorrect answer can change your results.
Cost Basis:
"Basis" in a retirement plan is also called "cost" or "contribution". In a word, it is the amount of after-tax dollars that the taxpayer contributed to the retirement plan over the years while he/she was employed.
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‎February 28, 2022
9:54 AM