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1040
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7:49
YouTube
Brian Winrow | Tax Attorney & Professor
1040 Line 5: Pensions & Annuities Explained (5a vs 5b)
Form 1040 Line 5 reports pensions and annuities and this video walks through the line exactly as it appears on the tax return. We start with Form 1040 Line 5 and explain why the IRS splits this line into Line 5a total payments and Line 5b taxable amount. Next we connect Line 5 to Form 1099 R, showing how Box 1 and Box 2a flow onto the return ...
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