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Rcvd 2 1099-Rs for the same money. Everything I read says that I need to enter them both but when i do, it doubles the amt I rcvd in income and changes the refund amount
I quit my job and they gave me the option of rolling over the 401K account or cashing it out. We cashed it out. Now I'm receiving 2 1099-Rs for the same amount of money with 2 different payees. One has taxable amount and the other one doesn't. I'm told to enter both and that only one will affect my income received for the year. However, when I enter them both, they both show up in income (so it says I received double the amount) and it does in fact affect my refund amount significantly. When I just enter the taxable one I get a couple hundred dollars more.
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‎June 6, 2019
9:09 AM