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New Member
posted Mar 17, 2021 4:28:03 PM

2 1099-R's for Roth rollover/contribution

I read through some of the other questions but they seem like different scenarios. In 2019 I thought I was doing catch up pre-tax 401k contributions.  It turned out they were after tax 401k contributions.  In 2020 I needed the money with covid so I did a rollover to a roth IRA and a withdrawal through my employer.  Got a 1099-R for the rollover and one for the distribution.  Taxable amounts are very small, however in my summary income under pension it is adding the 2 together which doesn't seem right since I have 1 distribution for half that amount.  not sure what I am doing wrong.

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1 Replies
Level 15
Mar 17, 2021 4:38:09 PM

The summary is the box 1 gross amount of all 1099-R's, not the taxable amount that is on the 1040 line 5b for the 401(k) and 4b for the IRA.