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1099R Summary Calculations
I have a 1099R with 200,000 in box 1, and 50,000 in box 2a (obviously fake numbers). In the 1099R Summary form, lines 25 and 25a seem correct. They show 200,000 and 150,000 respectively. I rolled over 150,000 of the 200,000, and the remaining 50,000 is taxable. However, lines 26a and 26b seem incorrect to me. 26a shows 50,000, but 26b is 100,000. It seems to have subtracted the 50,000 taxable amount from the amount rolled over. 32a and 32d both show $0, which also doesn't seem correct. Is it possible that lines 26a and 26b are not calculated correctly?
Friday