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Form 1099R Printed Output does not Match the 1099R Magnetic Output for Box 2a (Doc ID 1636179.1)

Last updated on DECEMBER 03, 2020

Applies to:

Oracle HRMS (US) - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

For Retirees with zero in taxable payments, Box 2a does not match the 1099R and the 1099R magnetic media.  The 1099R PDF and 1099R Register correctly show 0.00 in Box 2a.  The 1099R Magnetic File shows a Negative amount for the Box 2a information


Steps to Reproduce:
The issue can be reproduced at will with the following steps:

1099R GRE contains retirees whose retirement payments are exempt from FIT and SIT
FIT and SIT are being withheld at the request of the retirees as they still have a Federal and State tax obligation.

A Tax Deduction Element was created to deduct the FIT and SIT from the employee

FIT OVERRIDE
SIT OVERRIDE

The element processes in the "Payroll" run and deducts the SIT and FIT from the employee

There are zero Taxable Retirement Payments

When the 1099R is submitted, the 1099R PDF and 1099R Register correctly show 0.00 in Box 2a

----------------------------

1099R Register                      

Employee Nam            SSN                  Box 1         Box 2a         Box 3          Box 4         Box 5          Box 6
----------------------- -------------------------- ---------------------------- ---------------------------- --------------
<Employee Name>      ###-##-XXXX       21964.41           0.00          0.00        3476.77          0.00           0.00
                                            Box 7
                                   --------------
                                                3
                                    Box 13         Box 14         Box 12
                                   ------- -------------- --------------
                                     VA              0.00        2365.00


-----------------------------

1099R - Printed

RECIPIENT'S identification number
###-##-XXXX
Employee Name

Box 1 = 21964.41   (Gross Distribution)
Box 2a = 0.00          (Taxable Amount)
Box 4 = 3476.77     (FIT Withheld)
Box 12 = 2365.00    (SIT Withheld)
Box 14 = 0.00          (State Distribution)

 


The 1099R Magnetic File shows a Negative amount for the Box 2a information

Cause

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In this Document
Symptoms
Cause
Solution
References


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