- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Distribution/withdraw
I need serious help! I received 3 separate 1099R's for 2020, 2 of them where from my ex-employer showing when I retired that I had a distribution rollover (code G- I retired at the age of 52). Then later in 2020 do to reason beyond my control do to the COVID situation I ended up having to withdraw this rollover money which is the third 1099R I received with a code (1). In turbo tax it is calculating these 1099R totals as three different retirement incomes. How do I show that the withdraw is the same money that the distribution was? Because, right now on the Retirement Income Result page it is showing that (ex: $51,468 out of $118,135 is taxable on withdraw) and out of the rollover (ex: $10,168 out of $ 110, 423 is taxable) when I took the withdraw I'm claiming the COVID relief shouldn't the first $100,000 be exempt from the 10% early withdraw penalty and then the other tax be spread out over the next three years? I really think I need to show that the distribution and withdraw are the same money not separate entities. Also, when I first rolled that money into this account I made a lump sum catch up after tax deposit of $7,000 that I need to claim where do I put this amount in at? It is also show our total combined gross income as (ex: $253,000) when it should be (ex: $253,000) because it thinks those accounts are two separate entities.