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Thom45
March 7, 2025
Question

3. Capital gains (included in box 2a)

  • March 7, 2025
  • 1 reply
  • 0 views

What does that mean both on my 1099R and on your tax app?

    1 reply

    B
    BillM223
    March 7, 2025

    It means that the pension administrator has to report certain items separately for box 3 out of what is reported in box 2a. You can read about it here.

     

    The link is pointing to the 1099-R instructions. These instructions are not for you, but are instructions for the entity who creates the 1099-R that is sent to you.

     

    Note that despite what is in box 3, all of the taxable distribution (box 2a) is included in taxable income and taxed as ordinary income.

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