topic Re: 1099R in Retirement tax questions

1099R

5kids2go — Wed, 21 Apr 2021 01:44:18 GMT

Received a city pension Box1 has the correct gross distribution, Box2a is blank, Box 2b is checked, Box 4 has an amount, Box 7 has the number 7 and the ira/sep/simple Box is not checked. TT's worksheet indicates all the distribution except $726 is taxable. Is that possible?

Re: 1099R

Critter-3 — Wed, 21 Apr 2021 01:50:39 GMT

Yes it is ... the pension is 100% taxable UNLESS you know of a reason for it to not be taxable. If you leave box 2a BLANK and answer all the questions on the screens in that section the program will figure out the taxable portion based on the answer to those questions.

Re: 1099R

Jromo2626 — Fri, 23 Apr 2021 18:14:03 GMT

Thank you!