I did manage to enter the information in "substitute 1099-R". However, I do have some questions since the boxes in the 1099-R and 1042-S are not identical.
On the 1042-S, apart from all the codes and information about the payer and payer EIN and state tax no, there is only one number - gross income. (all other boxes for numbers are 0 since no tax was withheld)
On the 1099-R, there are boxes for taxable amount (box 2a), box 2b for total distribution, employee contributions (box 5), codes that match box 7 (should it be 1 for early withdrawal), some other calculations about percentage of contribution from employee and then state information (box 14 state distribution amount)
For taxable amount - my understanding is that it should be the same as the gross income. So, that is what I am putting. If I am making a mistake, or if there is any other interpretation, please could you chime in ?
For box 2b, what is "total distribution" ? What is "total" referring to in this case ? Is it an indicator of 100% of what I had in my retirement plan or does the "total" reference a relationship to the "gross income" in box 1 ?
For employee contribution, I know how much is my contribution from the gross income. Should I put this number ? Does it matter ? The "learn more" turbotax help box suggests that if the contribution is "after-tax" or a "portion of insurance premium", it should be included in this box. I don't know the exact calculations used by my employer in determining contribution amounts but there is a possibility that it might be pre-tax and not post-tax. I could check if it matters but would like to know more on whether it does before checking.
For codes in box 7, I am assuming 1 (early withdrawal except roth no exceptions) should be appropriate for my circumstance.
The 1099-R then goes on with some calculations about percentage of employee contribution details which other than my own number (pulled from my employer website), I have no real details.
Box 14 is the state distribution amount ? What is this number representing ? Should it be identical to the gross income or should it be blank ?
Also, is the Federal ID number on 1099-R the same as Withholding agent's EIN (box 12) on the 1042-S.
Lastly, when filling out form 4852 for explanations of line 9 and 10, the software brings up multiple lines to allow me to provide an explanation. After filling this in, when I attempt to print the form (just to see how my explanation shows up on the form), the individual lines are getting re-ordered. Am I missing something here ?
Thank you for taking the time to share this answer. I appreciate it. If you have any thoughts or additional experience with the above boxes/questions, I'd definitely appreciate it.
