Can a taxpayer with an office of personnel management code 7 pension use the simplified method to calculate non taxable portion of pension? started on 10/2/72 prior7/1/8
It appears you can not use simplified method to calculate non taxable portion of pension from Office of Personnel management code 7 form 1099 R. The program on the date started line says must be later than 7/1/86.
Can I use simplified version or some other worksheet to calculate non taxable portion form 05 year old spouse and 96 year old taxpayer.
Husband born 10//2/22
Has Office of Personnel Management Form 1099R Code 7
Box 1 34920 gross distributin
Box 3 1820.88 employee conrtributions
Box 9b Total Employee Contributions
Started receiving pension when 50, 10/2/72
Wife has Office of Personnel Management Form 1099R Code 7
Wife born 11/19/23
Box 1 26892 gross distributions
Box 3 1820.88 Employee Contributions
Box 9 b 13451 Total Employee Conributions
Starts receiving pension when 50, 11/19/73
Again, I am unable to figure out hw to use simplified version at the bottom of the Form 1099-R as the starting date is prior to the program saying must be later than 7/1/86.
Maybe the calculated portion still left to use for non taxable pensions is all used up, so the taxpayers can no longer use the non taxable adjustment.