Form 1040 Instructions - 2015 Page 27
ADVERTISEMENT
1 
2 
3 
4 
5 
6 
7 
8 
9 
10 
11 
12 
13 
14 
15 
16 
17 
18 
19 
20 
21 
22 
23 
24 
25 
26 
27 
28 
29 
30 
31 
32 
33 
34 
35 
36 
37 
38 
39 
40 
41 
42 
43 
44 
45 
46 
47 
48 
49 
50 
51 
52 
53 
54 
55 
56 
57 
58 
59 
60 
61 
62 
63 
64 
65 
66 
67 
68 
69 
70 
71 
72 
73 
74 
75 
76 
77 
78 
79 
80 
81 
82 
83 
84 
85 
86 
87 
88 
89 
90 
91 
92 
93 
94 
95 
96 
97 
98 
99 
100 
101 
102 
103 
104 
105 2015 Form 1040—Lines 16b and 19
employer from which you retired as a
If you received U.S. Civil Serv-
you when made. From that result, sub-
!
public safety officer. Also, the distribu-
ice retirement benefits and you
tract the amount of the qualified roll-
tion must be made directly from the plan
chose the alternative annuity
over. Enter the remaining amount on
CAUTION
to the provider of the accident or health
option, see Pub. 721 to figure the taxa-
line 16b. If the remaining amount is zero
plan or long-term care insurance con-
ble part of your annuity. Do not use the
and you have no other distribution to re-
tract. You can exclude from income the
Simplified Method Worksheet in these
port on line 16b, enter zero on line 16b.
smaller of the amount of the premiums
instructions.
Also, enter "Rollover" next to line 16b.
or $3,000. You can make this election
See Pub. 575 for more details on roll-
only for amounts that would otherwise
Annuity Starting Date
overs, including special rules that apply
be included in your income.
to rollovers from designated Roth ac-
Your annuity starting date is the later of
An eligible retirement plan is a gov-
counts, partial rollovers of property, and
the first day of the first period for which
ernmental plan that is a qualified trust or
distributions under qualified domestic
you received a payment or the date the
a section 403(a), 403(b), or 457(b) plan.
relations orders.
plan's obligations became fixed.
If you make this election, reduce the
Lump-Sum Distributions
otherwise taxable amount of your pen-
Age (or Combined Ages) at
sion or annuity by the amount excluded.
If you received a lump-sum distribution
Annuity Starting Date
The amount shown in box 2a of Form
from a profit-sharing or retirement plan,
If you are the retiree, use your age on
1099-R doesn't reflect the exclusion. Re-
your Form 1099-R should have the "To-
the annuity starting date. If you are the
port your total distributions on line 16a
tal distribution" box in box 2b checked.
survivor of a retiree, use the retiree's age
and the taxable amount on line 16b. En-
You may owe an additional tax if you
on his or her annuity starting date. But if
ter “PSO” next to line 16b.
received an early distribution from a
your annuity starting date was after 1997
qualified retirement plan and the total
If you are retired on disability and re-
and the payments are for your life and
amount wasn't rolled over in a qualified
porting your disability pension on line 7,
that of your beneficiary, use your com-
rollover. For details, see the instructions
include only the taxable amount on that
bined ages on the annuity starting date.
for line 59.
line and enter “PSO” and the amount ex-
If you are the beneficiary of an em-
cluded on the dotted line next to line 7.
Enter
the
total
distribution
on
ployee who died, see Pub. 575. If there
line 16a and the taxable part on line 16b.
Simplified Method
is more than one beneficiary, see Pub.
For details, see Pub 575.
575 or Pub. 721 to figure each benefi-
You must use the Simplified Method if
If you or the plan participant
ciary's taxable amount.
either of the following applies.
was born before January 2,
TIP
1. Your annuity starting date was af-
Cost
1936, you could pay less tax on
ter July 1, 1986, and you used this meth-
the distribution. See Form 4972.
Your cost is generally your net invest-
od last year to figure the taxable part.
ment in the plan as of the annuity start-
Line 19
2. Your annuity starting date was af-
ing date. It doesn't include pre-tax con-
ter November 18, 1996, and both of the
tributions. Your net investment should
Unemployment
following apply.
be shown in box 9b of Form 1099-R for
Compensation
a. The payments are from a quali-
the first year you received payments
fied employee plan, a qualified employ-
from the plan.
You should receive a Form 1099-G
ee annuity, or a tax-sheltered annuity.
showing in box 1 the total unemploy-
Rollovers
b. On your annuity starting date, ei-
ment compensation paid to you in 2015.
ther you were under age 75 or the num-
Generally, a qualified rollover is a
Report this amount on line 19. However,
ber of years of guaranteed payments was
tax-free distribution of cash or other as-
if you made contributions to a govern-
fewer than 5. See Pub. 575 for the defi-
sets from one retirement plan that is
mental
unemployment
compensation
nition of guaranteed payments.
contributed to another plan within 60
program or to a governmental paid fami-
days of receiving the distribution. How-
ly leave program and you aren't itemiz-
If you must use the Simplified Meth-
ever, a qualified rollover to a Roth IRA
ing deductions, reduce the amount you
od, complete the Simplified Method
or a designated Roth account is general-
report on line 19 by those contributions.
Worksheet in these instructions to figure
ly not a tax-free distribution. Use lines
If you are itemizing deductions, see the
the taxable part of your pension or annu-
16a and 16b to report a qualified roll-
instructions on Form 1099-G.
ity. For more details on the Simplified
over, including a direct rollover, from
Method, see Pub. 575 (or Pub. 721 for
If you received an overpayment of
one qualified employer's plan to another
U.S. Civil Service retirement benefits).
unemployment compensation in 2015
or to an IRA or SEP.
and you repaid any of it in 2015, sub-
Enter on line 16a the distribution
tract the amount you repaid from the to-
from Form 1099-R, box 1. From this
tal amount you received. Enter the result
amount, subtract any contributions (usu-
on line 19. Also, enter “Repaid” and the
ally shown in box 5) that were taxable to
amount you repaid on the dotted line
-27-
Need more information or forms? Visit IRS.gov.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial