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cpark1
New Member

On form 1099R, there are 4 fund groups, each stated $125. do i need to add all together to get correct amount to report?

 
2 Replies
JamesG1
Expert Alumni

On form 1099R, there are 4 fund groups, each stated $125. do i need to add all together to get correct amount to report?

Is there one 1099-R form or four 1099-R forms?  Do any 1099-R forms have the Corrected box checked?

 

Enter each 1099-R as it is printed. 

 

The taxable income portion is generally in box 2a.  Does that box amount equal the amount that you think is correct?

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NCperson
Level 15

On form 1099R, there are 4 fund groups, each stated $125. do i need to add all together to get correct amount to report?

you are going to sum them up.  Some companies (e.g. Vanguard) show all the funds they sold to get to RMD but don't total up the page for you; it's a hassle and confusing. 

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