dmertz
Level 15
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Given that both you and your sister were 50/50 beneficiaries, I suspect that you are not the surviving spouse of the decedent. Therefore, if the decedent's acco...
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Yes, this is an unusual situation where what is ultimately a total distribution spans two calendar years.The IRS instructions for box 9a say that the percentage...
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"...a much smaller amount than I am being made to pay."Doubtful.Trust income-tax rates are generally higher than individual tax rates unless the amount of incom...
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You mentioned receiving a Form 1099-R. That means that there was a distribution from a retirement account that is taxable to the beneficiary that received the d...
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Retirement accounts are not eligible for a step-up in basis. The taxable amount of retirement distributions is instead treated as Income in Respect of a Deceden...
Activity Feed for dmertz
- Posted Re: Error: TT will not allow you to eFile if a 1099-R does not have "Total Distribution" box checked and Percent field filled in on Retirement tax questions. yesterday
- Posted Re: Error: TT will not allow you to eFile if a 1099-R does not have "Total Distribution" box checked and Percent field filled in on Retirement tax questions. Tuesday
- Posted Re: If 1099-R shows an amount in box 2a but it is not the correct taxable distribution amount, and box 2b is checked, can I adjust Box 2a or will I be flagged by the IRS? on Retirement tax questions. Sunday
- Got Cheered for Re: If 1099-R shows an amount in box 2a but it is not the correct taxable distribution amount, and box 2b is checked, can I adjust Box 2a or will I be flagged by the IRS?. Sunday
- Posted Re: If 1099-R shows an amount in box 2a but it is not the correct taxable distribution amount, and box 2b is checked, can I adjust Box 2a or will I be flagged by the IRS? on Retirement tax questions. Saturday
- Got Cheered for Re: If 1099-R shows an amount in box 2a but it is not the correct taxable distribution amount, and box 2b is checked, can I adjust Box 2a or will I be flagged by the IRS?. Saturday
- Posted Re: If 1099-R shows an amount in box 2a but it is not the correct taxable distribution amount, and box 2b is checked, can I adjust Box 2a or will I be flagged by the IRS? on Retirement tax questions. Saturday
- Posted Re: where do I put my employer contributionn at and where do i put my employee contribution at on our sep ira? on Retirement tax questions. Saturday
- Posted Re: I contributed to a Roth IRA in CY2024 but had no income then withdraw it and earnings in CY2025 on Retirement tax questions. a week ago
- Got Cheered for Re: I contributed to a Roth IRA in CY2024 but had no income then withdraw it and earnings in CY2025. a week ago
- Posted Re: 2024 Cedar Fair K-1 question on Get your taxes done using TurboTax. a week ago
- Posted Re: I contributed to a Roth IRA in CY2024 but had no income then withdraw it and earnings in CY2025 on Retirement tax questions. a week ago
- Posted Re: IF I MAILED FILED MY TAXES BY MAIL 07/10/25 WHEN WILL I GET IT on Get your taxes done using TurboTax. a week ago
- Got Cheered for Re: Form 8606 wasn't filed. a week ago
- Posted Re: Form 8606 wasn't filed on Get your taxes done using TurboTax. a week ago
- Got Cheered for Re: IRA BDA - duplicate RMD. 2 weeks ago
- Posted Re: Pre-tax IRA to Back door Roth; any post tax IRA to Roth possible? on Get your taxes done using TurboTax. 2 weeks ago
- Posted Re: IRA BDA - duplicate RMD on Retirement tax questions. 2 weeks ago
- Posted Re: !)% tax on ira withdrawals on Get your taxes done using TurboTax. 2 weeks ago
- Got Cheered for Re: Request for Refund of Penalties and Interest Due to TurboTax Calculation Error. 2 weeks ago