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Calculate taxable amount on Form 1099-R

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There is an Exclusion worksheet located at the bottom of Form 1099-R which asks for the amount rolled over or the amount that is excludable from income tax (line 1 or line 2of the exclusion worksheet).

 

By entering the amount on one of these lines, the program will lower the amount shown on Form 1040; otherwise, SureFire will calculate the total amount of the pension received (box 1 or box 2 of the 1099R) to be taxable. If any other amount from box 1 or box 2 is excludable (other than a rollover) enter the amount on line 2 of the Exclusion worksheet.

 

 

 

 

 

Additional Information

 

Para obtener la versin en espaol de este artculo de Knowledge Base, haga clic aqu:Cmo calcular la cantidad taxable en el formulario 1099-R?

Tags: federal,form