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kgorelick
New Member

On my 1099R line 1 is 79607. Line 2 is blank. The end summary lists my income as 7,288. ?

My IRA distribution from Franklin Templeton is 2,024.
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4 Replies

On my 1099R line 1 is 79607. Line 2 is blank. The end summary lists my income as 7,288. ?

Did you just get 1 1099R?  What code is in box 7?  What happened with the other 72,319?  Did you roll it over to another account?   What end summary where?  

The full IRA box 1 should be on 1040 line 4a and the taxable amount on line 4b.  Are the amounts there?  If some was rolled over it will say Rollover by line 4b.  

We need more info to help you.

On my 1099R line 1 is 79607. Line 2 is blank. The end summary lists my income as 7,288. ?

@kgorelick - also, is the IRA box checked next to Box 7?

kgorelick
New Member

On my 1099R line 1 is 79607. Line 2 is blank. The end summary lists my income as 7,288. ?

The IRA box is blank.

On my 1099R line 1 is 79607. Line 2 is blank. The end summary lists my income as 7,288. ?

@kgorelick what is the code in Box 7? 

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