What does state distribution mean on 1099-R?

The “state distribution” is the amount of the 1099-R distribution that is reported to a state (or states) as income; that state could be the one you live in or it could be the state where you worked and “earned” the distribution (e.g. pension)..

How are 1099-R distributions taxed?

Funds distributed directly to the taxpayer are generally subject to a 20% federal income tax withholding.

What line does 1099-R income go on?

line 4b
You’ll most likely report amounts from Form 1099-R as ordinary income on line 4b and 5b of the Form 1040. The 1099-R form is an informational return, which means you’ll use it to report income on your federal tax return.

Is the state distribution the same on 1099-R?

The state distribution amount is the same as box 2a on the 1099-R form IF box 2a is blank, or unknown, then it is the eventual Federally taxable amount that belongs in box 2a. IF you made no after tax contributions to that Govt pension, then all of box 1 belongs in box 2a, and all of box 1 belongs in the state distribution line.

What should I enter into box 14 for 1099-R?

If state or local income tax has been withheld on this distribution, you may enter it in boxes 12 and 15, as appropriate. In box 13, enter the abbreviated name of the state and the payer’s state identification number. The state number is the payer’s identification number assigned by the individual state. In box 16, enter the name of the locality.

Where to find state number on 1099-R?

The state number is the payer’s identification number assigned by the individual state. In box 16, enter the name of the locality. In boxes 14 and 17, you may enter the amount of the state or local distribution. **Disclaimer: This post is for discussion purposes only and is NOT tax advice.

When to file a 1099-R pension distribution?

About Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. File Form 1099-R for each person to whom you have made a designated distribution or are treated as having made a distribution of $10 or more from:

https://www.youtube.com/watch?v=4fMkHYY-5q0