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posted Feb 4, 2025 10:04:12 PM

OPM 1099-R with comment from OPM

Hi

Since retirement my OPM 1099 -R has always left 2A as "unknown", then put comment down below that annuity reduced by "x" dollars under court order of apportionment and lists ex by name..

I'm sure this may have been asked before, so what is my taxable amount, my gross minus the $ ex rec'd? our decree states she is responsible for taxes from annuity...Tks.

 

 

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1 Replies
Level 15
Feb 5, 2025 7:13:01 AM

Your taxable amount is to be calculated using the Simplified Method using your proportionate share of the Plan Cost (your after-tax investment in the plan).  To reach the area in TurboTax where TurboTax offers the opportunity to select the Simplified Method, indicate that you received "regular" (periodic) distributions and that you need to calculate the taxable amount (or that a different amount was used in a prior year).