Easily Insert Dropdown from the Retirement Plan

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How to Insert Dropdown from the Retirement Plan

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Hi everyone, my name is Kevin. Today I want to show you how you can create drop-down lists in Microsoft Excel and as full disclosure before we jump into this I work at Microsoft as a full-time employee. My company requires me to say that anytime I talk about our products. First off, why would you want to create a drop-down list in Microsoft Excel? Well, imagine that you set up a spreadsheet and youre going to have other people filling it out, perhaps you only want them to fill out a cell with specific values and the drop-down list is the perfect way to make sure that people select from those specific values. Its actually very easy to set up and Im going to show you step by step how to do it so you too can create a drop-down list. All right. Well, enough talk. Lets jump on the PC. Here I am on my PC and I already have Microsoft Excel open. This version of Excel comes with Office 365. Its the latest and greatest. However, drop-down lists have been avail

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Where does Form 1099-R go on tax return?

Youll most likely report amounts from Form 1099-R as ordinary income on line 4b and 5b of the Form 1040. The 1099-R form is an informational return, which means youll use it to report income on your federal tax return. If the form shows federal income tax withheld in Box 4, attach a copy Copy Bto your tax return.

What does 1099-R go under?

Form 1099-R is used to report the distribution of retirement benefits such as pensions, annuities or other retirement plans. Additional variations of Form 1099-R include: Form CSA 1099R, Form CSF 1099R and.

WHat is code 7 in box 7 of 1099-R?

Military retirement annuities. Use Code 7 in box 7 for reporting military pensions or survivor benefit annuities. Use Code 4 for reporting death benefits paid to a survivor beneficiary on a separate Form 1099-R. Do not combine with any other codes.

What if I forgot to include a 1099-R on my tax return?

If you receive the missing or corrected Form W-2 or Form 1099-R after you file your return and the information differs from your estimates, you must file Form 1040-X, Amended U.S. Individual Income Tax Return.

WHat do I do with box 5 on 1099-R?

Box 5, Employee contributions/Designated Roth contributions or insurance premiums: This is the portion of after-tax money you are entitled to exclude from your Gross Distribution (in Box 1) for the calendar year.

Where do I put 1099-R on tax return TurboTax?

Heres where to enter your 1099-R in TurboTax: Open or continue your return. In the Federal section, select Wages Income. Scroll to locate Retirement Plans and Social Security, and select Show more. Select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R)

How do I report 1099-R on my tax return?

If you need to report the information in your 1099-R as income when you prepare your tax return, youll need to gather all of your 1099-Rs. Total the amounts on Box 1 of all the forms. Youll then need to enter the information into the correct box on Form 1040.

WHat is a drop pension plan?

WHat Is DRoP? The Deferred Retirement Option Plan (DROP) is a voluntary program that allows you to have your monthly pension benefit deposited in an interest-bearing account while you continue to work in your current department and receive your salary and benefits as an active employee.

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