- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Should I enter both 1099-R and 1099-MISC for the SAME withdrawal from a beneficiary IRA? I received both forms, but when I enter both I get double taxed!
I inherited this IRA from my dad who died in 2020. I have up to 10 years to fully withdraw this beneficiary IRA. I understand this is a taxable withdrawal, but I received BOTH a 1099-R (box 7 code 4 checked) AND a 1099-MISC form for the same withdrawal. When I enter both forms in TT, I get taxed twice.
Topics:
‎February 9, 2022
7:21 AM