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ggreg166
Level 2
January 30, 2026
Question

basis

  • January 30, 2026
  • 1 reply
  • 20 views

when entering my 1099 R in state taxes, with money received from PBGC, how do I calculate the cost basis?

    1 reply

    AmyC
    AmyC
    Level 15
    January 30, 2026

    Your 1099-R will have your cost basis for this year's distribution in box 5. The box 5 amount is your tax free portion for TY25. You may see your total contributions in box 9b. Some states will pull in from the federal amount.

    Your box 1 minus box 5 = box 2 taxable portion.

     

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