I'm hoping someone is currently experiencing the same and what they are doing in this situation. Also any tax experts opinion welcome.
I have a QDRO with my ex-spouse. Ex receives 18% of my Gross Pension and is to pay their own taxes. When married, we filed Fed taxes jointly.
The values in all boxes on my 1099R are correct. With box 2a "Taxable Amount" showing "Unknown", as expected.
There is a note at the bottom of my 1099R stating how much my ex received, which is correct, and it also states that the taxable amount is "Not Determined", this too as expected.
Box 9b shows the full amount that I contributed to my pension, which is also correct, and I understand is to be recovered over time tax free via the Simplified Method. For example purposes let's say 9b shows $200,000.
I have no idea what Ex's1099R shows in Box 9b.
My question is this: I know I am to calculate my tax free portion using the Simplified Method, but does my ex also calculate some portion of the $200,000 using the Simplified Method? In essence, do I get to use all of the $200,000 in my calculation or $164,000 (my portion of 82 less ex's 18%)? If the answer is not $200,000; how do I go about showing the the difference of numbers in TurboTax used for the Simplified Method? Or do I just add a note somewhere explaining?
Thank you for reading all of this and any answers are much appreciated.
