US post office annuity taxable?

[WITAXLADY]

postal worker retires on disability, 1099-R shows amount in box 1 and box 2 -taxable amount unknown 1= $7,000 5= $1300, employee contributions/ROTH or Insurance premiums

9b =Total Employee Contributions - $6900  box 4 = tax fed w/held - $400

 

So is any taxable? and how do I calculate the $$ amount if any that is taxable. These do not have a place to say if total distribution. 

Thx D 

[joanmcq]

You need to calculate it using the simplified method.  However, if he is below normal retirement age (whatever that is for the post office) it is all taxable until he reaches retirement age.

[mcb39]

8 hours ago, WITAXLADY said:

postal worker retires on disability, 1099-R shows amount in box 1 and box 2 -taxable amount unknown 1= $7,000 5= $1300, employee contributions/ROTH or Insurance premiums

9b =Total Employee Contributions - $6900  box 4 = tax fed w/held - $400

 

So is any taxable? and how do I calculate the $$ amount if any that is taxable. These do not have a place to say if total distribution. 

Thx D 

$7000 minus $1300 = $6900 for taxable amount.  Just had one of these yesterday.

[TKTax]

I agree that you need to use the simplified method. I have one of these, and  I compared it to a postal  annuity that does have the taxable box filled in. The difference between gross and taxable did not match the employee contribution. 

[joanmcq]

Yup, it's only a part of the employee contribution that you use each year.