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Retirement tax questions
There is no reason for another 1099R. The financial institution issues the 1099R for the total amount distributed from the IRA account during the past year. TT asks the appropriate questions to help you determine how much of the distribution should be reported as taxable income. TT will also create a statement attached to your return explaining why all or part of the distribution is not taxable. In this case you rolled over all or part of your distribution back to the IRA and that amount will not be included in the taxable amount.
‎January 23, 2021
5:38 PM