WORKING PAY CREDIT
1099R WITH DISABILITY RETIREMENT GOES ON LINE 7 OF 1040 AS WAGES. WORKING PAY CREDIT IS GIVEN, IS THIS CORRECT?
1
17767
d9WGssvJqr4izzacwZ5xHE
03/24/11 9:42am PDT
Viewed by asker 03/25/11 5:17am PDT
Viewed by asker 03/25/11 5:17am PDT
3 Replies
Dusty2004
Questions asked: 38
Questions answered: 2600
Points earned: 6517
Questions answered: 2600
Points earned: 6517
Accountant Community AllStar
Advisory council of Accountant community power users.
03/24/11 10:09am PDT
What do the instructions for Schedule M say?
Dusty
Please call 800-434-6818 if this does not answer your question or if you have a complaint.
essjay
Questions asked: 14
Questions answered: 6129
Points earned: 17927
Questions answered: 6129
Points earned: 17927
Allstar
Advisory council of community power users.
03/24/11 12:49pm PDT
The solution
Yes...if you are talking company disability pension. This is is considered earned income until the taxpayer reaches the normal retirement age
"Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that rnethod which best pays the treasury..." Judge Learned Hand - U S Court of Appeals
