Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
1099R
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
dr58lj15
Level 3
4 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If I have a 1099R with code 7D with no taxable amount, and box 1 and box 5 employee contribution is the exact same amount. There is no taxable amount, correct? Just making sure!
Labels
1 Comment 1
BobKamman
Level 15
4 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Box 5 is probably "insurance premiums," but more likely cost of an annuity sold by an insurance company. Have you asked the client what happened? Bought an annuity but didn't make any money on it? Guessing is dangerous if the client is available.
