1099-R tax on a 1040EZ?

Discussion in 'Tax' started by ejmello, Mar 20, 2006.

  1. ejmello

    ejmello Guest

    Is it possible to include 1099-R tax withheld on a 1040EZ
    or would I have to file the 1040 form instead? thanks

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2006) - All rights reserved. >>
    << ======================================================= >>
     
    ejmello, Mar 20, 2006
    #1
    1. Advertising

  2. ejmello

    Herb Smith Guest

    ejmello wrote:

    > Is it possible to include 1099-R tax withheld on a 1040EZ
    > or would I have to file the 1040 form instead? thanks


    Do you see a line on the 1040EZ form for entering your
    retirement or IRA income (1099R)? Probably not, since the
    form only accomodates wages, tips and some interest income.
    Use form 1040.

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2006) - All rights reserved. >>
    << ======================================================= >>
     
    Herb Smith, Mar 21, 2006
    #2
    1. Advertising

  3. ejmello

    Phil Marti Guest

    "ejmello" <> wrote:

    > Is it possible to include 1099-R tax withheld on a 1040EZ


    No.

    --
    Phil Marti
    Clarksburg, MD

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2006) - All rights reserved. >>
    << ======================================================= >>
     
    Phil Marti, Mar 21, 2006
    #3
  4. ejmello

    Bill Guest

    (ejmello) posted:

    > Is it possible to include 1099-R tax withheld on
    > a 1040EZ or would I have to file the 1040 form
    > instead?


    The 1040EZ is designed for specific filers -- and that does
    not include those receiving retirement income of any kind.

    You can use Form 1040A, if you have only a 1099-R, and
    therefore a simple tax situation.

    Bill

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2006) - All rights reserved. >>
    << ======================================================= >>
     
    Bill, Mar 21, 2006
    #4
  5. ejmello

    A.G. Kalman Guest

    ejmello wrote:

    > Is it possible to include 1099-R tax withheld on a 1040EZ
    > or would I have to file the 1040 form instead? thanks


    There is no place on a 1040-EZ to reflect your 1099-R
    distribution. Therefore, 1099-R distributions and taxes
    withheld go on either a 1040 or 1040A.

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2006) - All rights reserved. >>
    << ======================================================= >>
     
    A.G. Kalman, Mar 21, 2006
    #5
  6. ejmello

    Guest

    If you were issued a 1099R, this must be reported on a 1040
    or 1040A. If you owe a penalty for early distribution (i.e.
    you are younger than 59-1/2) then this must be reported on
    form 1040. On either form, you add tax withheld to any other
    tax withheld, e.g. from wages, and report that total amount
    on the form.

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2006) - All rights reserved. >>
    << ======================================================= >>
     
    , Mar 21, 2006
    #6
  7. ejmello

    Missy Guest

    ejmello wrote:

    > Is it possible to include 1099-R tax withheld on a 1040EZ
    > or would I have to file the 1040 form instead? thanks


    There is no place to put the income from a form 1099R on a
    form 1040EZ. The least you can use is a form 1040A. Or you
    may use a form 1040. But you may not use a form 1040EZ.

    Missy Doyle

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2006) - All rights reserved. >>
    << ======================================================= >>
     
    Missy, Mar 21, 2006
    #7
    1. Advertising

Want to reply to this thread or ask your own question?

It takes just 2 minutes to sign up (and it's free!). Just click the sign up button to choose a username and then you can ask your own questions on the forum.
Similar Threads
  1. Usenet User

    Grave mistake on 1040EZ

    Usenet User, Feb 14, 2005, in forum: Tax
    Replies:
    7
    Views:
    451
    Catherine White
    Feb 16, 2005
  2. ilaboo
    Replies:
    9
    Views:
    411
  3. 1040EZ exemption

    , Jul 19, 2008, in forum: Tax
    Replies:
    4
    Views:
    560
    Arthur Kamlet
    Jul 20, 2008
  4. Spin
    Replies:
    1
    Views:
    598
    Arthur Kamlet
    Jun 8, 2008
  5. Christopher

    1040EZ Problem (believe it or not)

    Christopher, Apr 17, 2009, in forum: Tax
    Replies:
    1
    Views:
    367
Loading...

Share This Page