The amount in Box 2a says "Taxable amount". This is less than the amount in Box 1, "Gross distribution". Distribution code is '4'.
Do I use the amount in Box 1 or 2a for my "Pensions and Annuities"? on form 1040?
thanks
You use both. Box 1 gets entered as your gross distribution. Box 2a gets entered as your taxable distribution. It is likely that the amount in Box 5 is the difference between the two numbers.
The code 4 in Box 7 means that you are receiving this distribution as the beneficiary or surviving spouse of the original owner.
You use both. Box 1 gets entered as your gross distribution. Box 2a gets entered as your taxable distribution. It is likely that the amount in Box 5 is the difference between the two numbers.
The code 4 in Box 7 means that you are receiving this distribution as the beneficiary or surviving spouse of the original owner. =================Agreed with above for the simple answer.
If there's a tax basis in this pension/IRA, or estate tax paid, there may be additional things to do.
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.