There are too many variables to beable to tell you what you need to report on your return, You should call the IRS at 1-800-829-1040, they will ask you a series of questions that will help determine what and how to report the 1099-R's on your return and if there are any added forms you need to file
2007-03-14 12:53:13
·
answer #1
·
answered by Anonymous
·
1⤊
1⤋
So, you plan to claim this is not really work, are you? That you would have done it for free, but they paid you? Yeah, right. Dream on. You are just trying to get out paying SE tax. 2 days a week, every week is NOT sporadic. The IRS questions any income on line 21 that is more than $400, especially when the payer gave you a 1099-Misc and listed the income in box 7.
2016-03-18 04:50:59
·
answer #2
·
answered by Anonymous
·
0⤊
0⤋
Where To Report 1099-r
2016-10-19 08:24:43
·
answer #3
·
answered by yousef 4
·
0⤊
0⤋
These are distributions of retirement funds. If you put any of your own after-tax contributions into any of the accounts, then that portion is considered non-taxable. You put the total amount of all retirement distributions on 1040 line 16a, and then subtract off any after-tax contributions you made, and the taxable amount goes on line 16b.
If you are under age 59 1/2 when any or all of the distributions were taken out, you may be subject to an additional 10% penalty tax (on top of the withholding already on the 1099) ... (if you are not of the required age then there will be a "code 1" in box 7 of the 1099)
Unless an exception applies :
distribution result of your death, permanent disability, made as part of a series of substantially equal periodic payments over your life expectancy, equal to or less than your deductible medical expenses, that is, the amount of your medical expenses that is more than 7.5% of your adjusted gross income (You do not have to itemize to meet this exception), distributions made due to an IRS levy, etc.
You can find a full list of exceptions and the types of 1099-R income they refer to. If an exception applies, hen you won't be penalized the extra 10%.
2007-03-14 13:01:52
·
answer #4
·
answered by Anonymous
·
0⤊
2⤋
Yes you report them all on the form 1040. On the form there is a box that tells you the taxable amount. When you are on irs.gov look up form 1099-R. The Instructions for the 1040 and Pulication 17 will help. You can also go to your nearest walk in office and get your question answered in person. If your AGI is 39,000 or less then irs will assist you in preparing your return for free.
2007-03-14 15:31:23
·
answer #5
·
answered by Dragon 1
·
0⤊
3⤋
Yes, you report all of them, whether taxes were withheld or not. There's a "distribution code" on each that says what it's for, for example if it's a rollover or not. You add them all up and report them together, except that IRA's are added separately and reported on a different line, even though they're all 1099-R's.
2007-03-14 13:39:01
·
answer #6
·
answered by Judy 7
·
0⤊
3⤋
You have to report all of it as income. However, watch the boxes --- box 1 is the total and box 2a is how much of it is taxable. Be sure to enter both those amounts in the proper places.
2007-03-14 13:20:20
·
answer #7
·
answered by LC 2
·
1⤊
2⤋
Finance solutions fast
2015-02-27 02:09:59
·
answer #8
·
answered by Alaa 1
·
0⤊
0⤋
You may also find the "instructions for recipients" section of the following document useful.
2007-03-14 13:12:07
·
answer #9
·
answered by CarVolunteer 6
·
0⤊
3⤋
Sound arguments here.
2016-08-23 21:11:12
·
answer #10
·
answered by ? 4
·
0⤊
0⤋