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  • 1.  PS 58 Costs

    Bronze Most Valuable Member
    Posted 07-27-2015 11:09 AM

    A taxpayer picked up $100,000 of PS 58 costs over a 10 year period. When the retirement distributions begin, can the income be reduced by the PS 58 costs previously picked up? Could a formula be used similar to the IRA Form 8606?

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    Samuel Azus
    CPA
    FEIN & FEIN, PC
    Jericho NY
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  • 2.  RE: PS 58 Costs

    Platinum Most Valuable Member
    Posted 07-28-2015 02:01 PM

    Sam:

    I believe the recovery of the PS 58 costs should be in the 1099-R. 

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    Robert Brown
    ROBERT N. BROWN, CPA
    Jericho NY
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    Original Message


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