RRB-1099-R simplified input question

[schirallicpa]

I see this topic was briefly discussed a few days ago. I have not had much experience on this. In that pension simplified method section,

a: how do I know what the death benefit exclusion is?

b: whats the deal with the combined ages question

c: what are they looking for for box 6 amounts previously recovered after 1986.

[kcjenkins]

Have you looked at Pub 575? Or the worksheet at http://www.irs.gov/publications/p575/ar03.html#en_US_2013_publink1000227042 ?

[kcjenkins]

I see this topic was briefly discussed a few days ago. I have not had much experience on this. In that pension simplified method section,

a: how do I know what the death benefit exclusion is? Enter any amounts previously recovered tax free in years after 1986. This is the amount shown on line 10 of your worksheet for last year

b: whats the deal with the combined ages question If the payments are for your life and that of your beneficiary, enter the appropriate number from Table 2 .

c: what are they looking for for box 6 amounts previously recovered after 1986. Enter any amounts previously recovered tax free in years after 1986. This is the amount shown on line 10 of your worksheet for last year

If this is a new retiree, a and c will be zero

[schirallicpa]

Ok - he's been collecting this pension for a little while and this is the first year that I am working with him. Looks like we need to contact the previous tax preparer.......

thank you!