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-   -   1099-R do Ihave to filed? (https://www.askmehelpdesk.com/showthread.php?t=315973)

  • Feb 10, 2009, 09:21 PM
    mfrancogua
    1099-R do Ihave to filed?
    My son has a 1099-R form $ 8,769.42 does he has to filed taxes?? In line 4 he has $ 1,753.87 can he get a Refund??
    Thank you for your answers.
  • Feb 10, 2009, 11:18 PM
    MukatA

    Form 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.

    You will report the distribution on line 15a or 16a of Form 1040. Then on 15b or 16b, you will report the amount that is taxable after considering any amount you did rollover to a qualified rollover. On line 62, you will show taxes withheld.
  • Feb 25, 2009, 04:03 PM
    AtlantaTaxExpert
    If the CODE is a "1", then he did an EARLY distribution, which means he likely will pay EVEN more tax than the $1,754 already withheld.

    Early distributions from 401Ks/IRAs are NOT a good thing!

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