Through a technical error my RMD for 2019 was taken twice. Upon learning this I contacted my financial institution and was told that I could avoid the double income impact if I returned the 2nd distribution within 60 days, which I did. When I received my 1099-R both distributions are showing in Boxes 1 and 2. My Form 5498 is showing the 2nd distribution as a rollover contribution.
My understanding was that Box 1 would contain the Gross Distribution Amt and Box 2 would contain the Gross Amount less the 2nd distribtion that was returned to the IRA. And that amount would be the taxable amount. Can someone give me some guidance here before I go back to my financial institution to try to obtain a corrected copy 1099-R?
