Csa 1099 r box 2a unknown

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August undefined, 2024

WebJun 4, 2024 · Every single CSA 1099 issued has UNKNOWN in Box 2a. You enter the form as a CSA-1099-R, and leave Box 2a blank. Yes, the after tax contributions are included in an RMD calculation so you Say Yes to that question. As you go through the questions, you will be asked about after-tax contributions and can choose whether to apply the … WebAug 10, 2024 · The Taxable Amount box (#2) says “UNKNOWN”. I’m having trouble understanding the logic of how to calculate the taxable amount. The details on the CSA 1099-R form: The Gross Distribution (Box 1) is $33,000. The Employee Contribution (Box 9b) amount is $23,190. There is an Insurance Premium (Box 5) of 5508.09.

Solved: I have an OPM 1099R death benefit with "unknown" in box 2a …

Web3. 1099R Taxable amount is listed as 'Unknown'. What does that mean? If your 1099R Statement Box 2.a for the Taxable Amount is marked 'Unknown’, OPM did not calculate the tax-free portion of your annuity. OPM can not provide tax advice. Please contact the Internal Revenue Service toll free at 1- WebJan 30, 2024 · Turbo Tax does calculate the amount for box 2a on your Statement of Annuity Paid form, from OPM. When you get to the screen with Taxable Amount, click … optim treso

Taxable Amt. Unknown -CSA 1099-R Form from OPM - TaxProTalk

Webinsurance contracts, etc., are reported to recipients on Form 1099-R. Qualified plans and section 403(b) plans. If your annuity starting date is after 1997, you must use the … WebFeb 21, 2024 · My husband's CSA 1099 in box #! has a gross distriubition of $41872.21, Box #2a is unknown on the bottom is a state that reads "Gross Annuity reduced by … WebReport the gross distribution in box 1 of Form 1099-R. In box 2a, enter the excess contribution and earnings distributed less any designated Roth contributions. For a SARSEP, the employer must notify the participant by March 15 of the year after the year the excess contribution was made that the participant must withdraw the excess and earnings. optim training

Should I use the Simplified Method Worksheet to figure my 1099-R…

WebNov 19, 1996 · If your 1099R Statement Box 2.a for the Taxable Amount is marked as 'Unknown'; this means that OPM did not calculate the tax-free portion of your annuity. Some of the most common reasons for not calculating the tax-free portion of your annuity: Your case is a Disability Retirement. You retired prior to November 19, 1996. WebApr 15, 2012 · On form CSA 1099-R, the taxable amount listed in box 2a. is "unknown". I cannot go any further online until an amount - Answered by a verified Tax Professional ... optim therapy vidalia gaWebEnter 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. portland maine towing companies

"WebFeb 22, 2024 · OPM violates the 1099-R rules by writing "helpful" information in the box rather than just the value or code like they are supposed to. OPM has done that for years and it causes more confusion than help. They put UNKNOWN in box 2a when it should be blank, and put "7 NONDISABILITY" in box 7 when is should only be "7", "1" or "2". The … " - Csa 1099 r box 2a unknown

Csa 1099 r box 2a unknown

WebThe CSA-Form 1099-R box numbers reflect the standard numbering on a Form 1099-R. If the taxable amount isn’t calculated in Box 2 the Simplified Method must be ... Box 2a on …

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WebSep 28, 2024 · Quot;unknown" is in box 2a on my CSA 1099R and 03 is in box 7. I retired on disability in 2024 and I am 65 years old. How much of my income in box 1 is taxable (if any). Accountant's Assistant: Are there other sources of income (wages, interest, dividends, etc.)? Yes income reported on form 1099 misc WebGenerally, 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 …

WebAug 24, 2024 · A: If your 1099-R Statement Box 2.a for the Taxable Amount is marked “Unknown,” OPM did not calculate the tax-free portion of your annuity. Some of the most common reasons for not calculating the tax … 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 form, go back into TurboTax in the 1099-R section and enter your CSA 1099-R, making sure to indicate before you enter the form that it is a CSA 1099-R.Then leave the taxable …

WebMar 12, 2013 · 03-10-2013, 01:48 PM. I have a client with a CSA 1099-R. The gross distribution is for 12,312. The Box 2a Taxable Amount shows "Unknown". Box 5 (Emp contributions etc) shows 2,226.80. It seems to me that the taxable amount would be the net 10,085.20. The previous accountant picked up the gross amount as being taxable. Webinsurance contracts, etc., are reported to recipients on Form 1099-R. Qualified plans and section 403(b) plans. If your annuity starting date is after 1997, you must use the simplified method to figure your taxable amount if your payer didn’t show the taxable amount in box 2a. See the instructions for your tax return.

WebReport the gross distribution in box 1 of Form 1099-R. In box 2a, enter the excess contribution and earnings distributed less any designated Roth contributions. For a …

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 … Thank you MichaelDC for this answer. Still, I need help. I chose the CSA 1099-R … The TurboTax community is the source for answers to all your questions on a range … portland maine top attractionsWebGenerally, 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 ... optim va healthcareWebJun 3, 2024 · CSA 1099-R, Statement of Annuity Paid, is a variation of the 1099-R form for Federal retirees.It’s used to report civil service retirement payments. To enter your CSA … portland maine tourism officeWebOPM mails out 1099-R tax forms to all annuitants by January 31. You may not receive your mailed 1099-R tax form until mid-February, depending on where you live. ... The taxable amount on my 1099-R tax statement is listed as unknown. What does that mean? ... If Box 2.a is marked Unknown, this means that OPM didn't calculate the tax-free portion ... portland maine tours to kennebunkportWebOPM often shows unknown in Box 2a when issuing 1099-Rs. OPM leaves it up to you to calculate the taxable portion of the distribution. Box 9b on the 1099-R shows the amount of the employee "contribution" to the retirement plan. "Basis" in a retirement plan is also called "cost" or "contribution". portland maine toys for totsWebOperations Center, P.O. Box 45, Boyers, PA 16017 of your correct Social Security Number. Be sure to include your CSA number and a copy of your Social Security card when you … portland maine tourism bureauWebMar 11, 2024 · He retired in 2024. The 1099-R says CSA. Total contributions from Box 9b is 95,538. None of this has been recovered. I looked at the annuity adjustment letters for the last two years and the box 5 amount is very close (but off by about $120) to the amount he is being charged for a health insurance plan. optim vidalia ga phone number