HV Ken Posted March 17, 2010 Report Share Posted March 17, 2010 I learned today that a portion of the distribution reported on form 1099-Q can be taxable! This was a surprise to me! This is documented on pages 68-70 of Publication 970 (http://www.irs.gov/pub/irs-pdf/p970.pdf). The formulas are rather simple, and I wonder how many more preparers out there were unaware of this as well.... Quote Link to comment Share on other sites More sharing options...
jainen Posted March 21, 2010 Report Share Posted March 21, 2010 >>a portion of the distribution reported on form 1099-Q can be taxable<< Thanks! I'm always looking for more loopholes to treat a client's income as taxable. Quote Link to comment Share on other sites More sharing options...
grandmabee Posted March 21, 2010 Report Share Posted March 21, 2010 You are funny.... but I always seem to read your post twice to see if you are being smart or serious Quote Link to comment Share on other sites More sharing options...
Crank Posted March 21, 2010 Report Share Posted March 21, 2010 >>a portion of the distribution reported on form 1099-Q can be taxable<< Thanks! I'm always looking for more loopholes to treat a client's income as taxable. LOL That cracked me up! :) Quote Link to comment Share on other sites More sharing options...
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