Search found 74 matches

by kareysue
Thu Jun 18, 2015 2:56 am
Forum: Personal Finance (Not Investing)
Topic: Possible to file a 1099-R correction electronically or does it have to be done over the mail?
Replies: 16
Views: 5910

Re: Possible to file a 1099-R correction electronically or does it have to be done over the mail?

Hi Alan, Thanks again for your help. Actually the amount on the 5498 is higher than the amount on the 1099-R which I had created. The reason why the amount on the 5498 reflected a higher amount of the rollover is because when the transfer of the mutual fund took place there were accrued dividends an...
by kareysue
Wed Jun 17, 2015 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to file a 1099-R correction electronically or does it have to be done over the mail?
Replies: 16
Views: 5910

Re: Possible to file a 1099-R correction electronically or does it have to be done over the mail?

Hi Alan S, Thanks for your explanation. But just wondering since my 1099-R and the 5498 differs by a couple hundred dollars and does include Vanguard mutual funds, is it essential that I do a correction to a 1099-R or leave it the way it is? Because in my case, the 5498 is about a couple hundred dol...
by kareysue
Wed Jun 17, 2015 3:30 am
Forum: Personal Finance (Not Investing)
Topic: Possible to file a 1099-R correction electronically or does it have to be done over the mail?
Replies: 16
Views: 5910

Re: Possible to file a 1099-R correction electronically or does it have to be done over the mail?

Hi Alan,
The site finally submitted the correction for me. I just want to make sure the Gross distribution box under box one on the 1099-R for my solo 401k should be the exact same number as the total rollover contribution amount for the 5498? Thanks
by kareysue
Sat May 30, 2015 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Possible to file a 1099-R correction electronically or does it have to be done over the mail?
Replies: 16
Views: 5910

Re: Possible to file a 1099-R correction electronically or does it have to be done over the mail?

There is a website called tax1099.com that lets you file corrected 1099-r electronically, have you heard about this and can it be done? According to instructions it seems it can be done by mail but mentions nothing of filing electronically?
by kareysue
Sat May 30, 2015 1:29 am
Forum: Personal Finance (Not Investing)
Topic: Possible to file a 1099-R correction electronically or does it have to be done over the mail?
Replies: 16
Views: 5910

Re: Possible to file a 1099-R correction electronically or does it have to be done over the mail?

Hi Alan,
Yes you are correct, I did not file my personal taxes yet and had already prepaid my taxes and file extension (luckily I did because I expect something like to happen so I wanted to be safe before filing)
by kareysue
Fri May 29, 2015 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Possible to file a 1099-R correction electronically or does it have to be done over the mail?
Replies: 16
Views: 5910

Possible to file a 1099-R correction electronically or does it have to be done over the mail?

Last year I filed a 1099-R for a rollover from Solo 401k to traditional IRA. However, while filing the 1099-R there was a mistake in the total amount as it does not match the figure on the 5498. So I need to make a correction so it would match the 5498 number, I found some websites that can file 109...
by kareysue
Wed May 20, 2015 5:39 am
Forum: Personal Investments
Topic: Data on 5498 does not match 1099-R
Replies: 8
Views: 1779

Re: Data on 5498 does not match 1099-R

Hi,
Just wondering if anyone has any answers to this thanks
by kareysue
Tue May 19, 2015 2:29 am
Forum: Personal Investments
Topic: Data on 5498 does not match 1099-R
Replies: 8
Views: 1779

Re: Data on 5498 does not match 1099-R

Hi, Do I just create a new 1099-r and send a copy to recipient and mail a copy to IRS? and also mail form 1096 in the same envelope to IRS too? That is all? Do I need to include the original 1099-r too or just the corrected one? Do I need to use special IRS paper (which i can order for free from irs...
by kareysue
Mon May 18, 2015 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: how to file a corrected 1099-r
Replies: 1
Views: 295

how to file a corrected 1099-r

As a plan administrator I made a mistake on a 1099-r form and put less than $300 for total distributions thus i need to make correction so it matches data with 5498 form, but i have no idea how to file a correction on 1099-r does anyone have any instructions thanks
by kareysue
Mon May 18, 2015 1:13 pm
Forum: Personal Investments
Topic: Data on 5498 does not match 1099-R
Replies: 8
Views: 1779

Re: Data on 5498 does not match 1099-R

oh they finally called me and told me "plus the amount of any accrued dividends and capital gains for your funds. " so i didn't realize that on that day there were accrued dividends and capital gains. Since the amount is $300 difference do you think it is important I fix the 1099-r? so it ...
by kareysue
Fri May 15, 2015 4:58 pm
Forum: Personal Investments
Topic: anyone else getting multiple revised tax forms from vanguard?
Replies: 19
Views: 1450

Re: anyone else getting multiple revised tax forms from vanguard?

if i get a revised tax form of 5498 for my sep ira or traditional ira or roth ira do i need to file an amended tax return? they were for holdings inside ira
by kareysue
Fri May 15, 2015 12:12 am
Forum: Personal Investments
Topic: Data on 5498 does not match 1099-R
Replies: 8
Views: 1779

Data on 5498 does not match 1099-R

This year I rolled over my Solo 401k to a traditional IRA, but with the same trustee Vanguard. The problem is when I got the 1099-R it shows the rollover amount as $15530 which is the actual amount of the rollover but when I checked the 5498 that vanguard generated it shows 15830 so a difference of ...
by kareysue
Sun Mar 29, 2015 10:42 pm
Forum: Personal Investments
Topic: 1099R for rollover to a traditional IRA from Solo 401k
Replies: 9
Views: 1373

Re: 1099R for rollover to a traditional IRA from Solo 401k

One final question - For the Payer's Name on this form, is this my company name or the name of my Solo 401k plan?
by kareysue
Sat Mar 14, 2015 12:35 am
Forum: Personal Investments
Topic: 1099R for rollover to a traditional IRA from Solo 401k
Replies: 9
Views: 1373

Re: 1099R for rollover to a traditional IRA from Solo 401k

the corp also needs to file a form 5500 too right since solo 401k is closing
by kareysue
Tue Feb 10, 2015 2:36 pm
Forum: Personal Investments
Topic: 1099R for rollover to a traditional IRA from Solo 401k
Replies: 9
Views: 1373

Re: 1099R for rollover to a traditional IRA from Solo 401k

For the account number is that the account number that I had with vanguard for the solo 401k?
by kareysue
Tue Feb 10, 2015 4:35 am
Forum: Personal Investments
Topic: 1099R for rollover to a traditional IRA from Solo 401k
Replies: 9
Views: 1373

Re: 1099R for rollover to a traditional IRA from Solo 401k

And for account number can I leave it blank?

Thanks for your great help Alan. Now I can finally be happy knowing that the 1099-R will reflect correctly from my solo 401k rolling over to a traditional IRA. It is so much cheaper than paying a cpa $250 to file one for me :(
by kareysue
Mon Feb 09, 2015 3:58 pm
Forum: Personal Investments
Topic: 1099R for rollover to a traditional IRA from Solo 401k
Replies: 9
Views: 1373

Re: 1099R for rollover to a traditional IRA from Solo 401k

Thanks Alan. So for box 2b we only check the total distribution box, there is no need to check the box "taxable amount not determined" ? If so what is that field mainly used for? Thanks for your help
by kareysue
Mon Feb 09, 2015 12:18 am
Forum: Personal Investments
Topic: 1099R for rollover to a traditional IRA from Solo 401k
Replies: 9
Views: 1373

1099R for rollover to a traditional IRA from Solo 401k

I am filling out a 1099-R for a solo 401k that I own myself for a business that I am closing. I ran a S corp and have a balance of $25000 in my Solo 401k. I had both with vanguard and just performed a full rollover from a Solo 401k to a Tradtional IRA. Vanguard told me since I self manage the solo 4...
by kareysue
Sun Jan 25, 2015 4:23 am
Forum: Personal Investments
Topic: Solo 401k
Replies: 5
Views: 979

Re: Solo 401k

Hi, Just curious what you mean by formally amend the plan. I was the plan administrator for my solo 401k and I just dissolved my corporation. Are there additional forms I need to submit? I already have records of documents closing the plan but they are signed by me since I was the only person in the...
by kareysue
Fri Jan 23, 2015 2:53 pm
Forum: Personal Investments
Topic: Solo 401k
Replies: 5
Views: 979

Re: Solo 401k

Thanks for the info. The assets as of 12/31 was $245k close to $250k. The rollover occured on 12/29/2014. So is that just form 5500? And can I just have my CPA file that and for the 1099-r I just use efile4biz.com? But it is important that it will match up with Vanguard's 5498. To determine the valu...
by kareysue
Fri Jan 23, 2015 6:19 am
Forum: Personal Investments
Topic: Recently rollover a 401k to ira both with vanguard
Replies: 0
Views: 403

Recently rollover a 401k to ira both with vanguard

I Recently rollover a 401k to ira both with vanguard. Will I recieve a form 5498 reflecting the value of the transfer? if so is there a way to determine what value will appear on the 5498 now thru the vanguard website? Can I just click on account activity view transfer history and add all those amou...
by kareysue
Fri Jan 23, 2015 5:50 am
Forum: Personal Investments
Topic: Solo 401k
Replies: 5
Views: 979

Solo 401k

I have a Solo 401k for my corporation which I dissolved last year. I recently rollover the entire Solo 401k into my traditional IRA. Can I issue myself a 1099-R for this transfer and submit it to the IRS myself or would I need to have Vanguard (who was the custodian of the funds) do it on my behalf?...
by kareysue
Fri Oct 10, 2008 10:09 pm
Forum: Personal Investments
Topic: 20% Stocks 80% Cash
Replies: 1
Views: 993

20% Stocks 80% Cash

I have about 20% in risky bank stocks like MS, UYG, Dell and Vanguad 500 and 80% in cash. Should I invest more into stocks now or sell my holdings and be 100% cash? I have 25 years old