RobertB4444
Expert Alumni

Get your taxes done using TurboTax

You can do that as long as the broker qualifies them as two separate transactions.  

 

You'll create a substitute 1099-R for this year to reflect the $8000 for 2024.  Then, when you receive the 1099R showing 16000 for 2025 you will change it to 8000 before you enter it into next year's taxes.

 

@mmdannunzio 

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