topic 2a taxable amount is wrong on 1099R, company is in rehab and will not response to any emails or calls to get a correction. in Retirement tax questions

2a taxable amount is wrong on 1099R, company is in rehab and will not response to any emails or calls to get a correction.

Lprong — Wed, 11 Feb 2026 04:36:05 GMT

I want to post the correct amount on my income tax because if I post their amount, I will be subject to fines for underestimate my taxes. I have proof of the amount by going into my bank entries and copies the interest from the company. I do not want to pay extra income tax if I don't have to. It will also cause problems with the state

Re: 2a taxable amount is wrong on 1099R, company is in rehab and will not response to any emails or calls to get a correction.

VolvoGirl — Sat, 03 Feb 2024 22:05:21 GMT

Can you figure out the difference? Did they take federal and state taxes out of the payments? The taxable amount includes the tax withholding. Is box 1 right? Is box 2a the same as box 1? What code is in box 7?

It could be right if you had a loan that wasn't paid pack.

Re: 2a taxable amount is wrong on 1099R, company is in rehab and will not response to any emails or calls to get a correction.

Lprong — Sun, 04 Feb 2024 19:40:33 GMT

after doing alot of calculations, they offered 25% cash value which they didn't tell me that first they will give me all the interest and it doesn't equal 25%, the balance will be the principal amount. After calculating the base amount + interest - interest payments - principal payment it equals the balance on the account. I wish they would of told me.