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mahrjb
New Member

1099-R

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.

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2 Replies
KrisD15
Employee Tax Expert

1099-R

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? 

 

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mahrjb
New Member

1099-R

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. 

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