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-   -   1099 R box 17 (https://www.askmehelpdesk.com/showthread.php?t=821111)

  • Jan 29, 2016, 10:30 PM
    tableclocks
    1099 R box 17
    Gross income 22,000 on 1099r, plus 40,000 of my income added, total of 62,000, 1099r on the 22,000, has a box 17 of 11,980.00, a pick up contribution, do I pay tax on that which is part o the 22,000, or does it get deducted?
    Deducted on the fed or on md state tax? Thanks for your help and time. By the way, I may use tax act, program like turbo tax, is that safe to use on the computer? Thank you,, Richard...........I have a code 2 in box 7, wife went on disability at age 58
  • Jan 29, 2016, 11:15 PM
    AtlantaTaxExpert
    On MY TaxAct program (which, by the way, is perfectly safe for your computer), BOX 17 of the Form 1099-R shows local distributions. That indicates for locality that has income taxes (like New York City) how much of the $22,000 is taxable by the locality.

    It is NOT a direct deduction.

    However, the taxes paid to the locality IS an itemized deduction on Schedule A.
  • Jan 29, 2016, 11:22 PM
    tableclocks
    Interesting, it goes under tax paid on line 8? Thank you, hope the tax act picks it up OK
    ?. thank you
  • Jan 30, 2016, 10:20 PM
    AtlantaTaxExpert
    Glad to help!

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