Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
artvan99
New Member

Should I enter only the bank name as the payor for my 1099-R or is it the company name also?

 
4 Replies
Mike9241
Level 15

Should I enter only the bank name as the payor for my 1099-R or is it the company name also?

enter the name on the 1099-R. 

artvan99
New Member

Should I enter only the bank name as the payor for my 1099-R or is it the company name also?

But the name on the 1099-R has the name of the Bank on the first line and the name of the company on the second line.  Which one is it - or is it both?

DoninGA
Level 15

Should I enter only the bank name as the payor for my 1099-R or is it the company name also?


@artvan99 wrote:

But the name on the 1099-R has the name of the Bank on the first line and the name of the company on the second line.  Which one is it - or is it both?


The TurboTax form 1099-R has two sections for names, enter both as shown on the 1099-R you received.

Critter-3
Level 15

Should I enter only the bank name as the payor for my 1099-R or is it the company name also?

Just enter the first one and continue  since it doesn't really matter to the IRS ... only the EIN must be correct. 

Dynamic AdsDynamic Ads
Privacy Settings
v