deebill99
Returning Member

1099R Pension rollover

I rolled over my pension 401K to a traditional IRA when I retired at the beginning of 2020.  I received a 1099R from my ex-employer showing in box 7 with a code G that I rolled this entire amount over.  Due to unfortunate circumstances toward the end of the year I had to withdrawal the entire account.  It looks like it is adding the distribution and the pension (which are the same money) twice as total income.  So, as example:  Last year let say 2019 was $ 69,500, it now says this year 2020 is $269,500 (using $100,00 as a base for the distribution and what should be the pension payout).  Wouldn't reporting income only be $169,500?  Hope I explained this clearly.