It appears you can not use simplified method to calculate non taxable portion of pension from Office of Personnel management code 7 form 1099 R. The program on the date started line says must be later than 7/1/86.
Can I use simplified version or some other worksheet to calculate non taxable portion form 05 year old spouse and 96 year old taxpayer.
Husband born 10//2/22
Has Office of Personnel Management Form 1099R Code 7
Box 1 34920 gross distributin
Box 3 1820.88 employee conrtributions
Box 9b Total Employee Contributions
Started receiving pension when 50, 10/2/72
Wife has Office of Personnel Management Form 1099R Code 7
Wife born 11/19/23
Box 1 26892 gross distributions
Box 3 1820.88 Employee Contributions
Box 9 b 13451 Total Employee Conributions
Starts receiving pension when 50, 11/19/73
Again, I am unable to figure out hw to use simplified version at the bottom of the Form 1099-R as the starting date is prior to the program saying must be later than 7/1/86.
Maybe the calculated portion still left to use for non taxable pensions is all used up, so the taxpayers can no longer use the non taxable adjustment.
Solved! Go to Solution.