Taxable Portion of 1099-R Form

Maintain Taxable Portion of 1099-R Form

You can maintain the taxable portion of 1099-R form issued by FIMS on a Fund ID / Profile basis. 

To set the taxable portion for a given fund and profile, navigate to File Maintenance > Maintain 1099-R Percentages. 

When the Maintain 1099-R Percentages node is clicked, the Maintain 1099-R Percentages form is displayed with the first (alphabetically collated) Fund ID for which the 1099-R checkbox have been set on Fund 2 Tab of the fund form.

If the form is displayed with blank Fund ID, no Funds have their 1099-R check box checked and this form cannot be used.  Below is an image of a form showing the avian2 Fund for which no percentages were set yet.

You will first have to identify the Fund by selecting a Fund ID (using the Fund ID drop-down)  Upon selection of a Fund, the associated profile is populated and the form is ready for setting up taxable percentages for multiple years.

To set up the percentage for a given year, follow these steps:

1. Enter a valid year in the Year field (e.g. 2014)

2. Enter a percentage in the Taxable % field.

3. Click Save – a new row in the Years list will be created.

To set percentages for a new year, you may click the New Year row in the years list.  A new (one higher than the current largest year) will appear in the Year field with 0.0000 in the Taxable% field.  Set the Taxable% and click Save.  The years list will be updated with that new year.

To change the percentage for a given year, highlight a year in the years list, enter the correct value in the Taxable% field and click Save.  The years list will be updated.

To delete a year, highlight a year in the years list and click the Delete button.  You will have to confirm your intention by clicking the Yes button on the confirmation message that appears.