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vicki1941
New Member

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

 
2 Best answer

Accepted Solutions
MargaretL
Employee Tax Expert

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

The taxable amount is calculated for you, based on your form's entries and follow up questions.

First, let's make sure that the form is entered correctly, not as a regular pension.

Please follow the steps below to enter CSA 1099-R.

1. Federal Taxes

2. Wages & Income, Jump to Full list

3. Scroll down and select IRA, 401(k), Pension Plans. On the screen Tell Us Which 1099-R you Have please be sure to select  CSA-1099-R Civil Service survivor annuity (if you are survivor, but not the original owner). Select Continue and you will see automatically filled in information on OPM. Select Continue again and you will see Enter Annuity Information screen. You will be prompted to data entry and additional questions about your annuity. 

Second, please be sure that the Form 1099-R is entered into Turbo Tax exactly as it appears (all fields, including the contributions); don't change any boxes, if they are blank or have "zeros" in them, please leave the fields in Turbo Tax blank. This will ensure proper calculation of the taxable amount.

View solution in original post

macuser_22
Level 15

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be



OPM violates the 1099-R rules by writing "helpful" information in the box rather than just the value or code like they are supposed to. OPM has done that for years and it causes more confusion than help. They put UNKNOWN in box 2a when it should be blank, and put "7 NONDISABILITY" in box 7 when is should only be "7", "1" or "2".

The taxable amount in box 2a is usually the box 1 amount unless you have after-tax contributions in the retirement plan and use the simplified method. If this is NOT the first year of receiving payments, then you should use the same method that was used last year - either the box 1 amount of the simplified method, using the carry forward simplified information from last year.

If box 2a is blank or UNKNOWN then there should be amount in box 9b to use with the simplified method. If no amount in 9b then contact OPM to find the account "basis".

Enter a 1099-R here:

Federal Taxes,
Wages & Income
I’ll choose what I work on (if that screen comes up),
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

34 Replies
MargaretL
Employee Tax Expert

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

Is the 1099-R from OPM?
vicki1941
New Member

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

Yes
rhbauman123
New Member

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

1099 R survivor annuity box 2a taxable amount unknown
08-26-1942
New Member

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

what is the simplified method?
MargaretL
Employee Tax Expert

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

The taxable amount is calculated for you, based on your form's entries and follow up questions.

First, let's make sure that the form is entered correctly, not as a regular pension.

Please follow the steps below to enter CSA 1099-R.

1. Federal Taxes

2. Wages & Income, Jump to Full list

3. Scroll down and select IRA, 401(k), Pension Plans. On the screen Tell Us Which 1099-R you Have please be sure to select  CSA-1099-R Civil Service survivor annuity (if you are survivor, but not the original owner). Select Continue and you will see automatically filled in information on OPM. Select Continue again and you will see Enter Annuity Information screen. You will be prompted to data entry and additional questions about your annuity. 

Second, please be sure that the Form 1099-R is entered into Turbo Tax exactly as it appears (all fields, including the contributions); don't change any boxes, if they are blank or have "zeros" in them, please leave the fields in Turbo Tax blank. This will ensure proper calculation of the taxable amount.

studer-ann
New Member

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

How do I get to the correct Form to enter the data?
studer-ann
New Member

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

Now what?
studer-ann
New Member

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

How do I gat back to income?
cbwagner1
New Member

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

I made the mistake of entering the non taxable amount in Box 2. How do I get back into my Turbo Tax to correct this error.
Anita01
New Member

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

Leave the field showing Unknown blank.

turbokingmel
New Member

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

If you receive an additional payment purchased by voluntary contributions (amount is listed at the bottom of CSA 1099R), realize that the amount listed in 9b ONLY includes your contributions for your regular annuity, not the voluntary contributions you made for the additional annuity.  If you don't , you're paying taxes again on all of your additional annuity.
hookstom
New Member

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

The posted answer is very complete but does not match my copy of Turbo Tax Home and Business and I am still struggling with my original question.

The form that I received for OPM is form CSF 1099R.

The Box 1 entry is $2460

The Box 2 entry is UNKNOWN

The Box 3 entry is NONE

The Box 7 entry is 4 - DEATH - BENEFIT

The Box 9b entry is 2730.69

My question is " is the Box 1 Gross distribution taxable or is it treated as a non-taxable survivor benefit?"

I will appreciate the assistance.

 

 

JohnB5677
Employee Tax Expert

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

Box 1 is taxable unless you enter a corrected amount in box 2a.  The IRS instructions state "Generally, you must enter the taxable amount in box 2a."

 

If the annuity was purchased with after-tax funds, then it’s non-qualified. Non-qualified annuities require tax payments on only the earnings.

The amount of taxes on non-qualified annuities is determined by something called the exclusion ratio. The exclusion ratio is used to determine what percentage of annuity income payments is taxable and how much is not. The idea is to determine the amount of a withdrawal or payment from an annuity is from the already-taxed principal and how much is considered taxable earnings.

 

Exclusion Ratio Example

  • Your life expectancy is 10 years at retirement.
  • You have an annuity purchased for $40,000 with after-tax money.
  • Annual payments of $4,000 – 10 percent of your original investment – is non-taxable.
  • You live longer than 10 years.
  • The money you receive beyond that 10-year-life expectation will be taxed as income.
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Bob78
New Member

I receive a 1099R statement of Survivor Annuity paid Box 2a on my survivor annuity shows UNKNOWN AS TAXABLE AMOUNT what amount should it be

Yes a CSA 1099-R

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