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New Member
posted Jun 5, 2019 10:28:40 PM

Where do I find the "Plan Cost at annuity starting date?

I reached the ripe old age of 70 1/2, so my 401K(s) are distributing the percentage of my savings, have no idea what the "starting date" annuity cost is!

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1 Best answer
New Member
Jun 5, 2019 10:28:42 PM

The "plan cost at annuity start date" refers to your total after-tax contributions in the plan, if applicable.

If you did not make any after-tax contributions into these accounts, enter "0" (zero) in the plan cost entry.

If you did make after-tax contributions and have a 1099-R, it may be listed in box 9b. If the information is not listed there, you must find it in your records or contact your annuity administrator. It will be beneficial to find this information, as it may reduce your taxable income. 

1 Replies
New Member
Jun 5, 2019 10:28:42 PM

The "plan cost at annuity start date" refers to your total after-tax contributions in the plan, if applicable.

If you did not make any after-tax contributions into these accounts, enter "0" (zero) in the plan cost entry.

If you did make after-tax contributions and have a 1099-R, it may be listed in box 9b. If the information is not listed there, you must find it in your records or contact your annuity administrator. It will be beneficial to find this information, as it may reduce your taxable income.