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Retirement tax questions
So to be clear, the amount that I put into TT for each 1099-R will NOT match the amount on the 1099-R from the broker. But the total of both inputs will be equal to the amount on the 1099-R received from broker?
(By "splitting" it they will both add up to that amount, correct? )
Example:
If the total was $20,000 and the RMD was $3500, then each of the 1099-Rs have these numbers:
First 1099-R input into TT: $16,500
Second 1099-R input into TT: $3500.
Seems like an odd way of reporting this, and it would have been better if the broker gave 2 1099-Rs for each event so that everything matches.
But what I described above is what you are advising, correct?
(And again, thank you very much.)
‎February 14, 2025
6:11 PM