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Data entry for 1099-R partly taxable distributions

To enter 1099-R partly taxable distributions for 1041 returns:
  1. Go to
    Organizer
    ,
    Source Documents (1099s)
    ,
    1099-R
    , and then
    Partly Taxable Distributions
    .
  2. Determine the type of annuity of pension:
    1. regular pension or annuity
    2. 101(d) annuity
    3. 101(d)
  3. Enter the amount of cost in the plan including any death benefit exclusion (if different than the box 9b amount).
  4. Enter the amounts previously recovered tax free in prior years for annuities beginning after 1986.
  5. Enter the taxable portion override, if needed.
  6. Follow the next set of instructions based on the method you're using.
  7. If using the simplified method, continue with this step. If using the general rule method, skip to step 10. Enter the annuity start date.
  8. Determine if the annuity start date's after 12/31/1997 and payments are for your life and that of the beneficiary. This option forces use of table 2 in computing line 3 of the Simplified Method Worksheet. Enter the amount from line 4 of last year's worksheet. If your annuity starting date was before this year and you completed this worksheet last year, then skip line 3.
  9. Enter the number of months for which this year's payments were made.
  10. Enter the expected return (if a regular pension or annuity).
  11. Enter the number of years in which payments are to be received (if a ยง101(d) annuity).
  12. And lastly, enter the percent or amount not taxable (override).

This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1041 Fiduciary
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