Split 1099-R income with ex-spouse

Forum|Forum|6 years ago
February 18, 2020
2 replies
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Ex-spouse received pension payments monthly all of 2019. Jan-May we were married so income is 50/50. June-December the pension plan paid him all as the right paperwork was being processed to split it monthly. Instead, he paid me my 50% portion from his personal checking account.

Now he as a 1099-R with the entire amount and I don't have any 1099-R for my 50%.

1) How does the income get report on his tax form income (match 1099-R, take 50% and not match 1099-R)?

2) How does the income get reported on my tax form income (my 50% although no 1099-R, $0)?

Thanks.

DianeC958

Level 12

1) He would need to report the full amount on his tax return to match the 1099-R he received.

If the amount he paid you is not designated as alimony in your divorce documents he can report it in TurboTax as Less Common Income> Other Reportable Income. In that section he can put in a description and the amount as a negative amount.

2) You can file the income you received as a substitute 1099-R in the Retirement Plans Section of TurboTax

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hokietrax

Level 2

Have reported this (Military Pension Division--not alimony) as a negative in Miscellaneous Income as "other income not already reported on a W-2 or 1099". TT flags the negative number and will not allow an e-file.

If instead this amount is moved to "other reportable income" will TT allow the negative income number to pass?

Or will TT choke on it either way, and I get the pleasure of printing and mailing my return?

Thank you.

Critter

Level 15

You can report it as other income on Sch 1 line 8. Here's how to enter it in TurboTax.

Click the Federal Taxes tab ( Personal in the Home & Business version)
Click Wages & Income. (Personal income in the H & B version)
On the screen "Your 2019 Income Summary," scroll all the way down to the last section, "Less Common Income."
Click the Start or Update button for the last topic, "Miscellaneous Income, 1099-A, 1099-C."
On the next screen, "Let's Work on Any Miscellaneous Income," scroll down and click the Start or Update button for the last topic, "Other reportable income."
The next screen asks, "Did you receive any other taxable income." Click Yes.
On the next screen, "Other Taxable Income," enter a description and the amount. Click Continue.
On the next screen click Done.

rjswifty

Level 2

That takes care of the income side. How are the associated taxes handled?

hokietrax

Level 2

Associated taxes for whom? Your question is unclear, but my attempt to answer: for my ex-spouse, receiving the income, it's taxed as income (ex-spouse's responsibility to file correctly), for me it ends up acting as a deduction, it's just entered here as negative income.

rjswifty

Level 2

If I reduce my 1099 (pension) for the income I paid my ex-spouse during the year, doesn't the taxes I paid on that same income also have to be reduced accordingly?