I took distributions from a 401(k) and a 403(b) in order to satisfy RMD. These distributions were reported on the same 1099-R. TT asks "Was This Distribution From a 403(b) Plan?" The answer is that part of it was and part of it wasn't. But the only response options are "Yes" and "No." What should I do?
Bonus question: In addition to the one-time distributions I took from those accounts to satisfy the RMD, the 1099-R also reports periodic payments from an annuity that I created out of a 401(k). TT then asks whether I "receive[d] payments . . . on a regular basis"? The answer is I did for one of the accounts but not the others. However, the only response options are "Yes" and "No". What to do?
Thank you.
"I took distributions from a 401(k) and a 403(b) in order to satisfy RMD. These distributions were reported on the same 1099-R. "
It's improper for the payer to report on a single Form 1099-R distributions from different accounts. Perhaps what you received is a single sheet on which is printed two separate Forms 1099-R, each of which must be entered into TurboTax separately. If the sheet separately lists the gross amount distributed from each account, this suggests that you have received two Forms 1099-R printed on a single sheet.