Let me restate my question: I have been an annuity from the Office of Personnel Management for several years. For calendar year 2021 the form 1099R states a follows:
Box 1 Gross distribution-$43,704.00
Box 2a Taxable amount-UNKNOWN
Box 4 Federal Income Tax Withheld-$1,861.20
Box 5 Employee Contributions/Designated ROTH Contributions or Insurance Premiums-$7271.56.
Box 7 Distribution Code(s)-NONDISABILITY
Box 9b Total Employee Contributions-$33,940
Box 14 State tax withheld-NONE
Box 14 State tax withheld-NONE
Other boxes left blank.
Hence, the basic question becomes: Is the taxable amount as listed in Box 1 or is it some other figure?
If this exceeds your vaunted tax capabilities, please advise so that I can find qualified assistance elsewhere.
