How to tax 1099's

[Rob Beaver]

I use to follow the old ATX forum glad to find this one.

I have 2 clients with 1099's today and I am drawing a blank.

First client has two 1099's with nothing listed in block 2a and block 2b checked, pretty simple, but how do I show the amount that is taxable, it's just early withdrawl from an employee sponsored 403B, all clients contributions so its all taxed with penalty.

The second client is a little more complicated. 1099-R is for retirement and shows amount in box 1, no amount in box 2a, 2b is checked, and this is insurance premiums on box 5. The reason box 2a is not filled out is because in the begining is contribution to his retirement was not tax deffered, but then changed in the middle. So I do the simplified method for his distributions, but I cannot find out how to show the insurance premiums as tax exempt.

[JerryH]

Whats the distribution code show. I've had several with no taxable amount shown with a code 6? saying its a nontaxable exchange. Seems to be something new ( at Least to me) this year.