JohnB5677
Expert Alumni

Get your taxes done using TurboTax

 

Both Forms are from 2020.  You should never enter a 2020 income statement into 2021.

If the combination of both forms do not charge your tax return, there is no need to amend the return.

If one of the new 1099-Rs is from 2020 and is not labeled "corrected" you certainly should not enter it.

 

The only thing that could be affected is form 5498.  The information on Form 5498 is submitted to the IRS by the trustee or issuer of your individual retirement arrangement (IRA) to report contributions, including any catch-up contributions, required minimum distributions (RMDs), and the fair market value (FMV) of the account.

 

So your broker should have taken care of this.

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