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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?

 
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MinhT
Expert Alumni

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.

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MinhT
Expert Alumni

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"
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