- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I transferred 401k money from two accounts to one account IRA traditional, I received two 1099 R's do I need to show this on tax form?
Topics:
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I transferred 401k money from two accounts to one account IRA traditional, I received two 1099 R's do I need to show this on tax form?
Yes, you need to enter both forms 1099-R on your tax return. Rollovers are not taxable.
After entering each 1099-R, answer the follow-up questions and these rollovers will not be taxed.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I transferred 401k money from two accounts to one account IRA traditional, I received two 1099 R's do I need to show this on tax form?
Yes, you need to enter both forms 1099-R on your tax return. Rollovers are not taxable.
After entering each 1099-R, answer the follow-up questions and these rollovers will not be taxed.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Still have questions?
Make a post
Or browse the Forums