My son left his job and found new employment elsewhere. He withdrew his 401K into an IRA, but then immediately withdrew the money from the IRA. Basically, he attempted to withdrawal directly from his employer, but mistakenly rolled into an IRA, so he then had to withdrawal from the trust bank. He received three 1099-Rs -- (1) BNY Mellon Disbursement Agent, Dallas County Hosp Ret; (2) Charles Schwab Bank Custodian, IRA Rollover O/S Account; (3) Charles Schwab Trust Bank, IRA Rollover Omnibus Account. The first two have the same gross amount and the third has an increase gross amount of $0.83.
When entering all three 1099-Rs into Turbo Tax, the Other Income total includes the amount he withdrew x's 3. So his Total Income for 2019 includes his Wages and Earnings plus Retirement Plans. It looks like he received his retirement 3 x's.
This is an example:
Wages & Salaries = $15,940
IRA Distribution - taxable = $1,949
Pensions - taxable = $1,948
Pensions - nontaxable = $1,948
Total Income = $21,785
Is this correct? Should I enter all three 1099-Rs?
