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I have 2 1099-R for same pension. 2?'s are asked. Is 2019 the 1st year you are getting regular pmts from "New Company" Yes... or No; getting pmts in 2018 or prior

 
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1 Reply
KathrynG3
Expert Alumni

I have 2 1099-R for same pension. 2?'s are asked. Is 2019 the 1st year you are getting regular pmts from "New Company" Yes... or No; getting pmts in 2018 or prior

It depends. The answers to the questions will be dependent to your circumstances. I suggest not answering the 2nd 1099-R the same as the routinely issued 1st 1099-R, if it is new this year.

 

If one of the Form 1099-R's has the box checked CORRECTED, then ONLY enter the corrected Form 1099-R.

 

Particularly, pay close attention to the Distribution Code in Box 7. There may be some extenuating circumstances in 2019 for issuing two amounts.

 

If you see no distinguishable difference between the two, and your records do not support the combined total of both 1099-R's being received, contact the payer for clarification.

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