Discussion:CSA 1099-R taxable or not taxable?
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Discussion Forum Index --> Tax Questions --> CSA 1099-R taxable or not taxable?
Lmcdon9822 (talk|edits) said: | 14 March 2007 |
| When the client reaches minimum retirement age (59 1/2) this annuity is not taxable. Is that correct? Also if TP is under the minimum retirement age, does the taxable amount decrease each year? When do you use the Simplified Method to determine taxability? | |
| 14 March 2007 | |
| 2) HUH???
3) The publications are very clear when you can use the simplified rule and the general rule. | |
| 14 March 2007 | |
| The rule is that when a civil service employee retires on disability, his benefits are fully taxable until he reaches minimum retirement age, and thereafter, he will be entitled to recover a portion of his basis each month. | |
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