For a "Vanguard" 1099-R, on which lists many "FUNDS": Distributions, taxable amounts etc. Can I submit the totals as one entry, or must I submit each fund separately?

[ColeenD3]

Are you sure it is a 1099-R? A 1099-R reports an amount in Box 1. If you have numerous 1099-Rs, you do have to enter them one at a time.

[SteamTrain]

@delorgewr 

This is one of those "How many" issues.  TTX does have a # of  1099-R forms limit, as to how many you can enter into the software...Don't know what this year's limit is though...yet.  Maybe you'll hit it.

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Vanguard has historically (an annoyingly) issued what appears to be separate 1099-R forms for each holding in the one retirement account, when $ are distributed proportionally from each of the holdings.

[ColeenD3]

From dmertz

20 Forms 1099-R is the limit.

If you have multiple Forms 1099-R that show no tax withholding in box 4, have the same code in box 7 and the marking of the IRA/SEP/SIMPLE box is the same, these can be summed into a single Form 1099-R entry since, under these circumstances, the details of the Forms 1099-R are not transmitted with your e-filed tax return.  Only the totals are included on  Form 1040 lines 15 and 16 or Form 1040A lines 11 and 12.

(Some payers that hold multiple investments in a single retirement account unnecessarily issue a separate Form 1099-R for a distribution from each investment within the account rather than issuing a single Form 1099-R for the entire account.)

[SteamTrain]

@ColeenD3 

Watch out for the  the copy paste of "Old" answers .  1040A and 1040 lines 15/16 refer to some pre-2018 tax forms...a 1040A doesn't exist anymore, and the lines referenced on the 1040 have moved..

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@ColeenD3 wrote:

From dmertz

20 Forms 1099-R is the limit.

.............  Only the totals are included on  Form 1040 lines 15 and 16 or Form 1040A lines 11 and 12.

.....etc

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[macuser_22]

Most financial institutions only list  the total distribution in box 1 and 2a.    A couple of financial institutions assign different account number to each fund that they hold so when  a distribution  is made they list each fund on a different line in box 1 and 2a.  As long as the box 7 code is the same you can just add up all the box 1 and 2a amounts and only enter the totals.    Only the totals will get sent to the IRS anyway  since only the total will go on the 1040 line 4.

[fanfare]

1099-R does not list FUNDS:

you must be looking at a consolidated 1099-B.

Let's say you have dividends  (1099-DIV) from four Vanguard funds.

If you have a regular old style Vanguard account you must itemize the fund dividends.

If you have the new Vanguard Brokerage type of account, you can enter

one line for "Vanguard Brokerage" and enter the total of all dividends.

[macuser_22]

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@fanfare wrote:

1099-R does not list FUNDS:

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Vanguard does.  I have see it often on Vanguard 1099-R's

They issue 1099-R similar to this:.

Box 1  1234-5555 $33

             2222-5555 $200

             4444-5555 $400

And the same for box 2a were the number is the account number of the security or fund.