Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: ShortstuffWisc Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: 1999 Form 1099-R (for 79 cents)... HELP!!!!! Date: 3/6/2000 11:08 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Due to a miscalculation by our (soon-to-be FORMER) financial advisor, my husband's contribution to his 1998 Roth IRA was $2010, $10 over his contribution limit. The excess $10 was withdrawn BEFORE the due date of the 1998 tax return. (Date of withdrawal April 9, 1999) However, before it was withdrawn, the $10 received .79 in earnings.

The $10.79 was sent directly to us, not reinvested.

We received a 1999 Form 1099-R (Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.) for the $10.79. The form included the following information:

Line 1) Gross distribution: $10.79
Line 2a) Taxable amount: $ .79
Line 2b) Total Distribution: NO
Line 7a) Distribution code: JP
Line 7b) IRA/SEP/SIMPLE distribution: NO

Would anyone be able to tell me which form(s) I would need to file this information.

I am preparing our taxes, and this is one area that I have been spending days.. yes DAYS trying to figure out. And I'm still stumped. So any help anyone can give me would be greatly appreciated.

Thank you.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Post of the Day:
Value Hounds

Not Cheering the Shire Deal
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement