Finally!! Thank you for the clear instructions. I have a few quick clarification/followup questions to ensure I'm doing this right.
1099-R INFORMATION:
- Box 1 "Gross Distribution" contains the full amount (my annuity plus ex-spouse apportionment). Box 2a contains"Taxable Amount" stated as, "UNKNOWN"
- Lower portion of 1099-R contains the following Note; " GROSS ANNUITY REDUCED BY $xxxxxxx PAID TO xxxxx UNDER COURT ORDERED APPORTIONMENT. TAXABLE AMOUNT NOT DETERMINED.
Here's what I'm doing :
- Entering the 1099-R information in "Wages and Income" section of TT.
- Changing the "UNKNOWN" in Box 2a "Taxable Amount" and enter the "Gross Distribution" full amount listed in Box 1instead. (TT did not like the UNKNOWN comment )
- Question: I'm concerned the return will be delayed because I'm changing the info in Box 2a so should I leave it as "UNKNOWN" ?
NEXT - Other Taxable Income:
- Follow your posted instructions at this point
- Enter shorter version of GROSS ANNUITY REDUCED BY $xxxxxxx PAID TO xxxxx UNDER COURT ORDERED APPORTIONMENT. TAXABLE AMOUNT NOT DETERMINED in the "Description" box
- Enter the total Court Ordered Apportionment amount in the "Amount" box.
Is this correct?
Thanks!
