You'll need to sign in or create an account to connect with an expert.
They are a retirement plan administrator.
If you received a 1099R: Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
How do you know the taxable amount if the taxable amount not determined is CHECKED and IRA/SEP/SIMPLE is unchecked?
Also, State Street Retiree Services for USPBGC is "Pension Benefit Guaranty Corporation", so they only step after your company fails to fund pensions, so the amount given is far less than the amount promised. Typically pennies on the dollar.
That being said, how does one figure out what part of income it taxed?
It's calculated by the amount you contributed and your age.
IRS General Rule and Simplified Method
If this is a failed pension plan that was picked up by The Pension Benefit Guaranty Corporation and I lost 90% of the value promised by my now bankrupted employer, how do I factor the amount I contributed? If I'm only receiving 10 cents on the dollar promised, how to do factor taxable amount? Or do I plan it safe and assume its all taxable and give Uncle Sam 3 cents of the 10 cents?
Box 5 of your form 1099-R should list the amount you contributed to the plan. If not, then you would have to calculate that by considering how much you contributed per pay period and how may pay periods you contributed.
1099 duplicate
It is a retirement plan administrator.
No I did not.
@Ifrodri1 If this information was automatically carried over from your 2018 tax return and you don't have a 2019 1099-R form from State Street Retiree Services, delete the information.
Related Information:
Source: TurboTax FAQ
I have not received my 1999-R.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
bethfly
New Member
scotttiger
Level 4
helloTT102
New Member
michaelavillesca
New Member
sgeremia
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.