Good day, I have received a few 1099R's for some clients that have a gross
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1099R Taxable Portion
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Originally posted by Roseman View PostGood day, I have received a few 1099R's for some clients that have a gross
LTOnly in government or politics is a "cut in spending" really an increase. It's just not as much of an increase as they wanted it to be, therefore a "cut".
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The question is how do you determine the taxable amount. So it has a gross but not a taxable amount (and probably has taxable amount not determined checked). Learn to read minds!
The answer is, if it's an IRA you calculate the taxable amount using Form 8606. Otherwise you probably need to do a simplified method worksheet (for stuff like office of personnel management pensions.)
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