blue Posted December 4, 2008 Posted December 4, 2008 Excess Roth 402(g) of $1,000, loss of $100, net distribution equaled $900 and distribution took place before plan year end. Am I coding the 1099R correct? Box 1 Gross Distribution $900 Box 2a Taxable Amount $0 Box 5 Employee Contributions $1,000 I think box 1 and 2a are correct. My biggest concern is box 5. ERISA outline book states when there is a loss only one 1099R is required, amount reported in gross box and taxable amount box is the amount of the distribution (provided a pre-tax contribution), with a separate statement instructing participant on proper reporting of deferrals and loss on personal tax return. Thanks in advance for your imput.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now