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Retirement tax questions
If they send you multiple form 1099-Rs for the same account (one for each fund in the IRA) then you can combine them in the program and enter them as one entry for the IRA instead of a bunch of individual entries and this is needed sometimes because the IRS has a 20 form limit in this section. The IRS does get all the 1099-R forms from the payer BUT only expects the grand total on your return ... entering in the individual forms in the program is for your use only. Make sure that all the forms you combine have the same code in box 7.
‎June 4, 2019
6:04 PM
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