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Anonymous asked in Business & FinanceTaxesUnited States · 1 month ago

Why would there be a capital gain on a 1099-R?

My 1099-R is showing a capital gain.

I cannot understand why there would be a gain on my pension. I worked as a teacher in California for 35 years and put money into this retirement plan.

2 Answers

  • 1 month ago

    Calpers had a capital gain they are passing on.

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  • NA
    Lv 7
    1 month ago

    Box 3 on a 1099-R represents, according to the 1099-R instructions, represents a lump sum amount that is taxed differently, *IF* you were born before Jan 2, 1936 or earlier. (Or if you are a beneficiary of someone born before then.)  For most people, there would be no difference in tax.  

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