ON A 1099R OFFICE OF PERSONNEL MANAGEMENT; WHEN BOX 2A IS UNKNOWN AM I TAXED ON THE AMOUNT IN BOX 1

Forum|Forum|2 years ago
October 25, 2023
8 replies
86 views

AM I TAXED ON THE ENTIRE AMOUNT IN BOX 1. THIS IS MY XHUSBANDS RETIREMENT

TurboTax Self Employed Online

NCperson

Level 15

@Luckeynayyes, unless there is something in Box 9b

dmertz

Level 15

You would need to determine the amount of after-tax contributions made to the plan and, if so, use the Simplified Method to calculate the taxable amount; TurboTax has the ability to do the Simplified-Method calculation based on your input. Otherwise, the entire amount is taxable. If you use the Simplified Method, the IRS will like ask for documentation supporting your claim of the amount of after-tax contributions to the plan.

NCperson

Level 15

@Luckeynay the "simplified method" is part of Turbo Tax. as you asnwer the questions about the 1099-R, once TT realizes there is nothing in box 2a, it will ask you to complete a series of questions so it can complete the Simplified Method.

Again, if Box 9b is zero, it's all taxable.

dmertz

Level 15

Box 9b is informational only and is optional for the plan to provide whether it knows the amount of employee contributions or not, so lack of an entry in box 9b does not necessarily mean that there were no after-tax contributions. If the plan doesn't know enough to determine the taxable amount of a distribution, there's a good chance that the plan also does not have the information needed to populate box 9b.