Each Box on your mother's 1099-R has a corresponding box in the TurboTax entry screen for 1099-R's. I recommend you enter the information exactly as it appears on your moms 1099-R.
The fact that both columns have the same amount most likely just means the entire amount is taxable.
I noticed that each line has a different fund name on it. Is it possible they did this rather than send three 1099-R forms?
basically box 1 has 3 lines and 3 different numbers. Box 2(a) has 3 lines and those amounts match the number in the corresponding line for box 1.
It's like I have three 1099-Rs on one form.
@s1d2c3m4 wrote:
I noticed that each line has a different fund name on it. Is it possible they did this rather than send three 1099-R forms?
basically box 1 has 3 lines and 3 different numbers. Box 2(a) has 3 lines and those amounts match the number in the corresponding line for box 1.It's like I have three 1099-Rs on one form.
There are a couple of financial institutions that assign a different account number to each fund and list them seperartely that way - most financial institution only provide the total amount in box 1 and 2a. It is OK for you to just add the amounts and enter the total into box 1 and 2a.
(If you had 15 funds there could be 15 lines and you don't want to enter 15 1099-R's)
I have a 1099-R with five lines that are all the same EXCEPT the last line has the "Total distribution" box checked while the first four do not? Should I just go with one summed entry and check the "Total distribution" box?
"Total distribution" means you emptied out that IRA.
Don't mark that box unless it applies.