Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
mpmcausa
New Member

How do I fix this 2 1099-R entries treated as a withdrawal??

I received 2 1099-R forms. one from previous employer 401k to ira and roth; the second from ira to new employer 401K. When both 1099-R are entered it treats as if it was withdrawn.

1 Best answer

Accepted Solutions
MargaretL
Employee Tax Expert

How do I fix this 2 1099-R entries treated as a withdrawal??

Yes, the data entry will treat both forms as if they are withdrawals. However, when you enter the form's basic information, you will be asked additional questions; you will have a chance to say that you moved money to another retirement account. The correct tax treatment will be determined then. 

View solution in original post

1 Reply
MargaretL
Employee Tax Expert

How do I fix this 2 1099-R entries treated as a withdrawal??

Yes, the data entry will treat both forms as if they are withdrawals. However, when you enter the form's basic information, you will be asked additional questions; you will have a chance to say that you moved money to another retirement account. The correct tax treatment will be determined then. 

Dynamic AdsDynamic Ads
Privacy Settings
v