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#2
04-11-2009, 08:56 PM
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 Re: Can I ignore my 2008 1099-R if I already took care of it? "Duke of Hazard" wrote: - quote - > > What code is in Box 7 [of a 1099-R showing a 2008 distribution of 2007
Enter the Box 1 amount on line 15a of your 2008 1040 and zero on line 15b.> > excess contribution and earnings, all reported on 2007 return]? > The code is J See the instructions for the 1040 and Form 8606. -------------- Phil Marti, VITA Volunteer Clarksburg, MD -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#1
04-11-2009, 01:56 PM
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| Re: Can I ignore my 2008 1099-R if I already took care of it? On Apr 10, 10:53 pm, "Phillip Marti" <prm20...[at]verizon.net> wrote: - quote - > What code is in Box 7?
The code is J-- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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04-11-2009, 03:53 AM
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| Re: Can I ignore my 2008 1099-R if I already took care of it? "Duke of Hazard" wrote: - quote - > In 2006 I over-contributed $2400 to a Roth IRA. So in 2008 I removed
What code is in Box 7?> the excess contribution and filed a 2006 Form 5329 to pay the 10% + 6% > penalty . > I still received a 2008 1099-R for the removal of my excess > contributions. Can I ignore it for my 2008 return since I already took > care of it with my 2006 5329? -------------- Phil Marti, VITA Volunteer Clarksburg, MD -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
04-10-2009, 10:43 PM
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| Can I ignore my 2008 1099-R if I already took care of it? In 2006 I over-contributed $2400 to a Roth IRA. So in 2008 I removed the excess contribution and filed a 2006 Form 5329 to pay the 10% + 6% penalty . I still received a 2008 1099-R for the removal of my excess contributions. Can I ignore it for my 2008 return since I already took care of it with my 2006 5329? -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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