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mahrjb
Level 2
February 19, 2026
Question

1099-R

  • February 19, 2026
  • 1 reply
  • 0 views

I entered two 1099-R forms into TurboTax.  The both show up, but on form 5329-T only one is there.

I already tried deleting both, and rebooting my computer, and rentering both 1099-Rs but I get the same result.

The distrubution from one of the 1009-R is not added to the total and TurboTax tells me I have a penalty for insufficient RMD.

    1 reply

    KrisD15
    KrisD15
    Level 15
    February 19, 2026

    It sounds like the program is applying "penalty" tax on the 1099-R entered for the primary souse. 

     

    Did you enter two Forms 1099-R and if yes, was each for a different spouse or were both for the same person? 

    Was either distribution non-qualifying such as taken before age 59.5? 

     

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
    M
    mahrjbAuthor
    Level 2
    February 19, 2026

    Both 1099-Rs were for me.  The first company was acquired by the second company.  I am 78.  It appears TT is not adding the distribution from the first company to the distributions from the second company. 

    M
    mahrjbAuthor
    Level 2
    February 23, 2026

    I resovled this issue by going to the forms view and checking box on first 1009-R that this distrubution was for RMD.

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