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1099-R with code 1 is being taxed on Form 5329 on a 1040 return in SureFire.

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To resolve the issue, do the following:

Go to Form 5329.

On Line 2, enter the exception code and the amount listed in Box 1 that is not subject to additional tax.

 

The new calculation amount entered on line 4 will now display on Sch 2, line 6.

 

For more information, see IRS Form 5329 Instructions.

 

 

 

 

 

 

 

Additional Information

 

Para obtener la versin en espaol de este artculo de Knowledge Base, haga clic aqu:1099-R con el cdigo 1 est siendo taxable en el Formulario 5329 en una declaracin 1040 en SureFire.

Tags: federal,form