I AM DOING MY PARENTS' TAXES AND IT'S ASKING WHERE THE 1099-R DISTRIBUTION IS FROM. HOW DO I KNOW THAT? THIS IS COMING FROM A BANK SO I ASSUME IT'S A DISTRIBUTION?

Expert Alumni

Mar 19, 2022 3:44:13 PM

The distribution is from the bank. Enter the name of the bank for Who paid you?.

Level 1

Mar 19, 2022 6:07:46 PM

THANKS, PATTI, BUT I'M REFERRING TO THE PART WHERE THEY WRITE THE FOLLOWING AND I HAVE TO CHOOSE:

Where is your distribution from?

Select the source of this distribution and enter any other New York information.

Retirement distributions from:

US Government (including military)
New York State and City Education
Certain public authorities
NYC Variable Supplemental Funds (VSF)
Certain annuity funds
Other Pensions of New York State and Local Governments

Retirement distributions from:

New York State and City Education (optional retirement program)
IRA rolled over from a former government pension

Not eligible for exclusion for those over age 59 1/2

None of the above (select for deferred compensation 457 plans)

Expert Alumni

Mar 19, 2022 6:33:34 PM

If it is not a pension, select the last one (None of the above). Check to see if the box next to IRA/SIMPLE/SEP is checked. Ask your parents what distribution it is. Did either/both of them retire from NYS/NYC government? It all depends on what kind of retirement account the money is from.

@edvaltaxes

Level 1

Mar 19, 2022 7:45:02 PM

Thank you. They did not work for government. I checked that box and moved on. Not sure where it is from because my father always did his taxes by himself but now has memory loss and I have to help him. He can't recall that information. Thank you so much for helping!

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I AM DOING MY PARENTS' TAXES AND IT'S ASKING WHERE THE 1099-R DISTRIBUTION IS FROM. HOW DO I KNOW THAT? THIS IS COMING FROM A BANK SO I ASSUME IT'S A DISTRIBUTION?