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barbarahisle11
New Member

Why is the taxable amount greater than gross distribution on 1099-R on State Farm life insurance company

 
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Accepted Solutions
SweetieJean
Level 15

Why is the taxable amount greater than gross distribution on 1099-R on State Farm life insurance company

Box 1 cannot be less than box 2a on a correctly prepared Form 1099-R.  If the Form 1099-R provided by the payer has a box 1 amount that is less than the box 2 amount, contact State Farm to obtain a corrected Form 1099-R.

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2 Replies
SweetieJean
Level 15

Why is the taxable amount greater than gross distribution on 1099-R on State Farm life insurance company

Box 2a is more than Box 1?
SweetieJean
Level 15

Why is the taxable amount greater than gross distribution on 1099-R on State Farm life insurance company

Box 1 cannot be less than box 2a on a correctly prepared Form 1099-R.  If the Form 1099-R provided by the payer has a box 1 amount that is less than the box 2 amount, contact State Farm to obtain a corrected Form 1099-R.

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