topic Re: CALPERS in Retirement tax questions

CALPERS

cjburroughs19 — Mon, 30 Mar 2020 22:31:25 GMT

I retired 3 years ago from the local school district. I just received a one-time disbursement from CALPERS and there was no 1099R form with it. All I have is the receipt part of the check, containing the amount and the amounts of federal and state taxes removed. How can I enter that as income?

Re: CALPERS

JamesG1 — Mon, 30 Mar 2020 23:03:11 GMT

Was this distribution received in 2019 or 2020?

If the distribution was received in 2020, you will report the income on next year’s tax return.

If the distribution was received in 2019 and you are not able to receive a 1099-R, follow these steps.

Down the left side of the screen, click on Federal.
Across the top of the screen, click on Income & expenses.
At the screen Your income and expenses, scroll down to IRA, 401(K), Pension plan withdrawals (1099-R).
Click Edit/Add to the right.
At the screen Did you receive any 1099-R forms?, click Yes.
At the screen Let’s import your tax info, click on I’ll type it in myself.
At the screen Tell us which 1099-R you have, click on I need to prepare a substitute 1099-R.
Enter the information.

Re: CALPERS

dmertz — Tue, 31 Mar 2020 00:13:03 GMT

Prior to entering a substitute Form 1099-R (Form 4852) you are required to attempt to get the payer to provide the missing form; should not be difficult with CALPERS. But as JamesG1 said, if the distribution occurred in 2020, this distribution has nothing to do with your 2019 tax return.