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.
- Max HooplaLv 71 month ago
Calpers had a capital gain they are passing on.
- NALv 71 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.