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Screen PA1099 - Pennsylvania Retirement Distribution (1040)

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Overview

Use this screen to enter information used to complete Part B of Schedule W-2S, Miscellaneous and Non-employee Compensation from federal Forms 1099R, 1099MISC, and other statements. Amounts that appear in the PA1099 screen are automatically transferred from the federal 1099R screen.

General Information

Distribution from Life Insurance, Annuity or Endowment Contracts
Enter
X
 to code the 1099 as
K
 in the Type column of W2-S, Part B. UltraTax CS accumulates all Type Ks and puts the taxpayer and spouse amounts on the appropriate Schedule A/B. To adjust the taxable amount reported on Schedule A/B, use the
Force
 field in the PAAdj screen.
ESOP stock dividend
Enter
1
 or
2
 when the distribution code is
U
. UltraTax/1040 will list the 1099 on Schedule W2S, Part B, and if the
ESOP stock dividend
 field is equal to
1
, the taxable amount will show up as line 1a income. If the
ESOP stock dividend
 field equals
2
, the gross distribution amount will show up as dividends on Schedule B.

Form 1099R - Retirement Distributions

Adjusted basis (Force)
Enter the adjusted basis in the plan if different than the federal basis for any 1099 that appears on Schedule W-2S, Part B.
note
For pension income and IRA income, UltraTax CS calculates these amounts based in the PA1099 screen. The state use code should be
29
 for these amounts to be taxable to Pennsylvania. It's still required that the initial data entry for the 1099Rs be entered in the federal 1099 screen.
Rollover amount
The
Rollover amount
 field is used only to determining the amount of pension, annuity or IRA distribution that appears on the Form PA 1000 Property Tax or Rent Rebate Claim. UltraTax/1040-PA reduces the gross distribution by the amount entered in this field.
Allocation
The statement window attached to the
Allocation
 field is only used for part-year returns. When this field is used, the following fields on the face of the input screen are ignored:
State
,
State use
,
Gross distribution (Box1)
,
Taxable amount (Box 2a)
,
Capital gain included in Box 2a (Box 3)
,
Adjusted basis (Force)
, and
Rollover amount
. These fields must be entered in the statement window to be considered in the calculation. If on the federal 1099 screen the
PA
 postal code isn't entered in the statement window, the 1099 unit won't transfer down to Pennsylvania and create a PA1099 screen.
If there's Pennsylvania withholding for the retirement distribution, the amount can be entered on the federal 1099R screen, box 12 to be included on Page 2 of the PA-40 return and to be included on Schedule W-2S, Part B, column H. Otherwise the withholding can be entered on the federal St Pmt screen, in the
Other withholding
 field, to have the amount included on Page 2 of the PA-40 return and then the
State withholding (Box 12)
 fields on the PA1099 screen should be completed with the
PA
 postal code and amount of the withholding to have the amount included on Schedule W-2S, Part B, column H.

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