Box 2a says unknown
WebEnter the Gross Distribution in Box 1 as it is shown on the 1099-R. The taxable amount in Box 2a should normally be the same as the amount from Box 1. When entering the Distribution Code in Box 7, if the Code is a '3' , the 10% Additional Tax for Early Withdrawal does not apply and no further action is necessary upon exiting this 1099-R menu. WebBox 2a on Form 1099-R. Enter the amount that could have been recovered tax free in prior years even if not claimed. Look at last year’s tax return to find this amount, or calculate the amount using the monthly tax free amount computed by TaxSlayer for the 2024 tax year times the number of months prior to 2024.
Box 2a says unknown
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WebOk here is some guidance from TurboTax: If your 1099-R has UNKNOWN as the taxable amount, you probably have a CSA 1099-R.If you have not indicated that this is a CSA … WebFeb 10, 2024 · Understanding Box 9B on Form 1099-R. When a taxpayer retires, they will start to receive money from their retirement plan (e.g. pension or annuity). As the payments are made to you, each payment will consist of two parts. One portion will be the amount (if any) that you contributed to the plan and the second portion will be the piece the ...
WebApr 27, 2024 · Second opinion] I am 53 on federal disabilty retirement from post office. On my 1099r in box 2a. taxable amount says UNKNOWN.So, when trying to file on hrblock online I'm suppose to put a numerical am … read more WebI HAVE A CSA 1099-R WITH "UNKNOWN" IN BOX 2A, DO I CHECK THE " TAXABLE ...
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WebJun 6, 2024 · June 6, 2024 12:50 PM. If your 1099-R has UNKNOWN as the taxable amount, you probably have a CSA 1099-R. If you have not indicated that this is a CSA …
WebUnknown’ in the 2.b ‘ Taxable Amount ’ box. You may wish to speak with a representative at the Internal Revenue Service or a tax advisor to help you calculate the tax-free portion of the calculation. Current tax tables for this year are available in Internal Revenue Publication 15. You may view this publication mountain\u0027s xaWebIf Box 2.a is marked Unknown, this means that OPM didn't calculate the tax-free portion of your annuity. The most common reasons for not calculating the tax-free portion of your annuity is because of one or more of the following: ... Post Office Box 45 Boyers, PA 16017 Visit us in person Retirement Services Support Center U.S. Office of ... hear switch through pcWebGenerally, the issuer of the 1099-R will have an amount listed in Box 2a for the taxable amount. If no amount is listed, you will need to determine the amount yourself. If this is a Roth Distribution that has been held for 5 or more years and you are withdrawing the contributions only, enter $0 for Box 2a. If you made nondeductible ... mountain\\u0027s ywWebFeb 4, 2024 · Second opinion] Hi Pearl, I have a Form CSA 1099R tax form with a Gross Distribution of $32,760. Box 2a. Taxable amount is "Unknown". There is not a Box 2b. Box 4 Fed Income Tax Withheld is $5,638. Ho … read more mountain\\u0027s z8WebJun 7, 2024 · 1 Best answer. TomD8. Level 15. June 7, 2024 3:04 PM. Don't put zero, just leave it blank. If the box says "unknown", that doesn't necessarily mean that the taxable … hears you hears meWebApr 15, 2012 · Second opinion] I am 53 on federal disabilty retirement from post office. On my 1099r in box 2a. taxable amount says UNKNOWN.So, when trying to file on hrblock … mountain\u0027s ycWebAug 24, 2024 · Q: Why does my 1099-R form show that the taxable portion of my annuity is unknown? A: If your 1099-R Statement Box 2.a for the Taxable Amount is marked “Unknown,” OPM did not calculate the tax … mountain\u0027s z6