1099-R Help

BrianKatona — Thu, 14 Mar 2019 17:58:33 GMT

I need help with to me is complicated question. I am 58 yo. In 2018 I rolled 1/3 of my 401k into prime variable annuities with an Insurance company to help pensionize this money for retirement. The Fidelity funds were distributed in 2 distinct payments and I received 2 1099-R. The larger of the sums was directly rolled into traditional IRA and had code G in box 7 on 1099 R. The smaller of the sums was my contribution, with the same numbers in box 1 (gross distribution) and 5 (Employee contribution) as this was the $$ I had contributed over time. My distribution code for this is 1. The complete sum of this second transaction was contributed into the annuity. I am able to choose proper buttons for Federal Tax but I am PA resident. I have already paid PA state tax on my contribution as 401k is not pretax deduction in PA. I need help in properly preparing PA tax form as have already paid state income tax on this sum.

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1099-R Help

Re: 1099-R Help