1099R STATEMENT OF ANNUITY PAID

[IMCABANA]

Subj form received from Office of Personnel Management. 1099R shows as follows:

Blk 1: 19160.00

Blk 2a: 18686.00

Blk 9b: 12323

What is my "Tax-free amount previously recovered"?

[ThomasM125]

Your tax-free amount previously recovered would be your total investment in the contract less the amount in box 9(b). 9(b) reports your total investment less the amount recovered tax-free in previous years. You may need to ask your broker what you total investment in the plan was.

[SteamTrain]

@IMCABANA 

You don't need to go thru those calculations...

The taxable amount has already been calculated for you, and is in box 2a.

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Unfortunately, there is a follow-up question in the interview that  is misleading you for your situation...

If your box 2a has a non-zero number in it..(not blank, nor marked as undetermined), and that number is somewhat lower than the box 1 number, due to an after-tax contribution amount that is noted in box 5...then edit that retirement form again, and when you get to the following page (below), answer it as-if the displayed edits were present  (i.e. you needed to answer YES).  

Answering YES will use the box 2a $$ amount on your for 1040.  Checking lines 5a and 5b on your form 1040, before and after entering that 1099-R, and the 5b amount should be lower than line 5a. 

 (But if you answered No, and already entered some $$ in the "General" or "Simplified" calculation area ,you might need to delete your CSA-1099-R first and re-enter it from scratch...not sure of that though)

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