K-1 Info for Cash Balance Retirement Plan

SKLBI · Feb 23, 2025 1:40:51 PM

A lump sum payment was received in 2024 for a cash balance retirement plan several years after the death of my father. He had not taken an RMD. It appears he was not aware of the benefit. A second lump sum was received in 2024 as the survivor benefit after the subsequent death of his wife. Box 1 and 2a of each 1099-R has the value of the distribution. 2b is total distribution. Box 7 is Code 4. Is the only value needed on the K-1 for box 5- other portfolio and nonbusiness income? I received a K-1 that has Code E and Code H for box 14. Is that applicable? Thank you

A lump sum payment was received in 2024 for a cash balance retirement plan several years after the death of my father. He had not taken an RMD. It appears he was not aware of the benefit. A second lump sum was received in 2024 as the survivor benefit after the subsequent death of his wife.

Box 1 and 2a of each 1099-R has the value of the distribution. 2b is total distribution. Box 7 is Code 4. Is the only value needed on the K-1 for box 5- other portfolio and nonbusiness income?

I received a K-1 that has Code E and Code H for box 14. Is that applicable?

Thank you

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