Filling manual 1099-R

[valleybuy]

I have a foreign retirement account, and I did a full cash surrender and took full distribution.

How do I report this as a 1099-R , as the company does not issue one?

I know the Gains (after converting to USD).

Is the box 2, taxable account  equals Total contribution(box1)? What will be the distribution code?

I assume the its long term capital gains tax and not ordinary tax based on my tax bracket

[Vanessa A]

Yes, box 2 would equal total distribution

Distribution code would be 1, Early Distribution

No.  It is not Long Term Capital Gains Tax, it is ordinary income and will be subject to the 10% early retirement penalty. 

[valleybuy]

Thanks will enter as Code 1 and shows as 10% flat penalty. So essentially fill Box1=Box 2a and leave other fields blank. Does PA personal  income  tax get impacted with this distribution? 

[DawnC]

TurboTax will automatically include the income on your resident state return.   Commonly recognized retirement benefits are not taxable for Pennsylvania purposes if you retired and met the requirements for retirement under your employer’s plan.   Income from a retirement annuity not sponsored by an employer or not part of an employer’s plan is not considered retirement income.  The taxable amount reported for federal income tax purposes is reportable as interest for this type of annuity.   See PA Tax FAQs