RalphH1
Expert Alumni

Retirement tax questions

1099-Rs (and tax reporting forms in general) are often accompanied by additional info. Much of the time, it’s "FYI” stuff and not actually needed to submit an accurate return, but occasionally it’s important numbers that need to be included. 

 

The big question with a 1099-R is how much of the box 1 Gross Distribution amount is taxable. If box 2a (“Taxable amount”) has an amount which is accurate, then that’s generally all you need. But if the payer doesn’t have enough info to put a number in that box, or they put one that you don’t agree with, you’re left with figuring out how much should be taxable (based on any possible post-tax contributions and other circumstances).

 

Lolamomlinda, I’m thinking if it’s a military pension, then the first scenario probably applies. However, your indicating that you tried to add some of the info makes me think it may not be that straightforward. Can you give us some more details? (Exactly who is the payer is on the 1099? What are the box 1 and 2a amounts? Did you receive this annuity in previous years and was it all taxable then? What does the extra paper say at the very top? Is there anything else that you believe might be relevant here?)

 

Of course, we can’t look at your documents in this venue to analyze them with certainty, but I or someone else can probably help you feel more comfortable with your return…

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