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New Member
posted Jun 6, 2019 6:38:03 AM

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 When both 1099-R are entered it treats as if it was withdrawn.

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1 Best answer
Expert Alumni
Jun 6, 2019 6:38:04 AM

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. 

1 Replies
Expert Alumni
Jun 6, 2019 6:38:04 AM

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.