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Level 1
May 15, 2021 3:40 PM UTC
Question

Investment interest

We have 3 IRAs, but only one came on a form 1099R. Where do we enter info from the other two that came looking a bank statement?

    2 replies

    fanfare
    Level 15
    May 15, 2021 3:57 PM UTC

    enter only a 1099-R. That's where your activity was.

    Don't try to enter year end statements.

    Mike9241
    Level 15
    Level 15
    May 15, 2021 5:00 PM UTC

    do you have basis in the IRAs? it would be reflected on form 8606. if so, then year-end values must be entered in order to properly compute the taxable and non-taxable portions. 

    Mike9241