1099R Survivor Annuity Paid

[SUSAN 1]

Received 1099R from OPM for survivor annuity paid for my mother. Box 2a says UNKNOWN, Box 8b says UNKNOWN, the only boxes with amounts shown are box 1 and box 5. How do I enter this correctly in turbotax?

[DanaB27]

You will not make any entry for boxes 2a and 9b when you enter Form CSF 1099-R:

1. Login to your TurboTax Account 
2. Click on the "Search" on the top right and type “1099-R”
3. Click on “Jump to 1099-R” 
4. On the "Who gave you a 1099-R?" screen select "Office of Personnel Management (CSF 1099-R) For U.S. Government Civil Service survivor annuity"

[SUSAN 1]

Thank you - I have done that. My problem occurs when I leave box 5 blank Turbo Tax fills it in with the amount from line 1 immediately generating tax due. I have gone over 2021 tax return which shows 0 tax due for OPM - this was prepared by a CPA (no longer alive). I have tried repeatedly to talk to someone at OPM but unsuccessful.

would it be OK to enter 0 in box 5?

[JamesG1 · Accepted solution]

TurboTax Online will use the simplified method to determine the taxable portion for box 2a of your 1099-R.   Presume that:

• Monthly payments were received,  
• Payments started in 2022, and 
• That box 7 is code 7.

You will need to know:

• The amount of the employee contributions (should be in box 5),
• The date the annuity started,
• The number of months that payments were received in 2022, 
• The age of the recipient when the annuity started,
• The age of other beneficiaries (if there are any), and 
• Was the recipient under the retirement age for the plan.

Follow these steps:

• At the screen Who gave you a 1099-R, select Financial Institution or other provider (1099-R).
• At the screen Any Periodic Payments? select Yes, got regular payments from this retirement account.
• At the screen Payment Start Year select Yes started getting payments in 2022.
• At the screen Let’s figure Out How Much is Taxable, select I need to figure out how much of this money is taxable.
• At the screen Enter Annuity Information enter required information.  Plan Cost should be in box 5.
• At the screen Enter Ages enter required information.

View Federal 1040 tax return line 5a and 5b at Tax Tools / Tools / View Tax Summary / Preview my 1040.

@SUSAN 1