1099-R

Forum|Forum|3 years ago
February 16, 2023
3 replies
38 views

Client got laid off in 2018 had a w2 and 1099-R.

1099-R in 19, 20, 21

2022 Dec got a call that she was due more and got retro money

1099-R is $102,068 fed withheld $14,432 state $650

anything that can be done with the state? Can you amended and spread out over the years where the 3 year rule was applied? (NJ)

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Just-Lisa-Now-

Intuit Community Champion

Not quite sure I follow. Are you asking if the money she got in 2022 can be spread out over 3 years?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

MGC94Author

Level 7

I am. Like the first 3 years she got her pension it wasn't taxed. Now they didn't give her the right amount the last 3 years so I was wondering if I could amend it and spread it over the last 3 years

R

rcooley25

Level 7

Since the money was not received untill 2022 I dint think it can be spread out over three years<

qbteachmt

Level 15

I found you this:

https://www.state.nj.us/treasury/taxation/njit7.shtml

Make sure to expand each section. It also has the link to this:

https://www.state.nj.us/treasury/taxation/pdf/pubs/tgi-ee/git1&2.pdf

You have some reading to do, because there are a lot of limitations and eligibility and qualifications, including percentages based on income levels and marital status.

Have fun.

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BobKamman

Level 15

The income-averaging law was repealed as part of the 1986 tax act. Who signed it? Here’s a hint. He said, “I think you all know that I've always felt the nine most terrifying words in the English language are: I'm from the Government, and I'm here to help.”

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