How should I calculate my taxable amt? Simple or General? This 1099R is a survivors benefit. My husband passed in 2023, he retired in 1982. I am 88 years old.

[SabrinaD2]

To calculate the taxable amount of your 1099-R survivor benefit, follow these steps:

1. Determine the Method: Use the Simplified Method if
   1.  Annuity started after November 18, 1996.
   2. Payments are from a qualified plan (e.g., 403(b)).
   3. You were under 75 when the annuity started or have less than 5 years of guaranteed payments.
   4. If these aren't met, use the General.
2. Enter the Taxable Amount: If the taxable amount is provided in Box 2a of your 1099-R, use that amount
   1. If Box 2a is blank or shows "UNKNOWN," you may need to calculate it manually using the Simplified Method. Here's a brief overview:
   2. Simplified Method: This method involves calculating the taxable portion of each payment based on the total expected return and the number of anticipated payments. You can find detailed instructions and calculation worksheet here.

Here are some helpful links for calculating the taxable amount of your 1099-R survivor benefit:

• IRS Instructions for Forms 1099-R and 5498: