Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 6:02:02 PM

On my Form 1099R, there are 6 funds under box 1. On two of the funds, they are checked under 2(b) Total distribution. How should I enter this info on my tax return?

0 1 1092
1 Best answer
Level 15
Jun 4, 2019 6:02:03 PM

Some financial institutions assign an account number to each security held and issue 1099-R's for each account.   Most financial institutions issue a single 1099-R regardless of how many securities there are.

You as long as the other boxes are the same, it is okay to total box 1 and 2a.   Don't worry about 2b since that just says that account was closed.

1 Replies
Level 15
Jun 4, 2019 6:02:03 PM

Some financial institutions assign an account number to each security held and issue 1099-R's for each account.   Most financial institutions issue a single 1099-R regardless of how many securities there are.

You as long as the other boxes are the same, it is okay to total box 1 and 2a.   Don't worry about 2b since that just says that account was closed.