Pension Distribution

Forum|Forum|5 years ago
May 13, 2021
1 reply
4 views

My husband rolled over into a IRA his retirement from UCI and it was reported on a 1099-R. Box 2a states taxable amount is zero, but on my return it is showing taxable. How do I fix it? Also, there was an error on the disbursement checks and we actually didn't receive the retirement until 2021, but UCI has already reported it in 2020. Is this a problem?

Pension Plan

BillM223

Level 15

First, what was the distribution code on the 1099-R?

Second, when asked what you did with the money shortly after your entered the 1099-R, how did you answer? You should have answered that you rolled the money over to another retirement account. Go back and review the 1099-R interview.

Third, "disbursement checks". What disbursement checks? Are you also drawing a pension? Or is this part of the rollover?

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potterswaAuthor

Level 2

The code is G. I'll go back and see if it asked that roller question. It didn't when I entered it prior.

potterswaAuthor

Level 2

Unfortunately it's still showing as income and a lot of taxes are due. I deleted the entries and started again. Even after deleting the 2 1099-Rs that were rolled over, it still showed the taxes due on these 1099-R's. Help!