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Retirement tax questions
I reported my 1099 R income last year as 6 separate entries for mutual funds. All of these were from Capital Bank and Trust. 2 of the entries had identical distribution amounts. My Fed tax filing was rejected by the IRS because it stated I had entered duplicate distribution amounts even though they were from separate mutual funds. This year I have the same problem with 3 different mutual funds with the same distribution amounts. I call Turbo tax help and was told to add up all of the amounts from the 6 mutual funds, income tax withheld and state tax withheld and enter as a single entry under Capital Bank and Trust. The Payer TIN# is the same for all of the funds. Has anyone else done this and did it work?
‎January 14, 2023
9:27 AM