I have two different 1099-R forms from the same investment company. What should I do?

[DanaB · Accepted solution]

Please enter both 1099-R separately into TurboTax. Please follow these instructions on how to enter the 1099-Rs: 

1. Login to your TurboTax Account 
2. Click "Take Me To My Return"
3. Click "Federal" from the left side of your screen
4. Scroll down "Retirement Plans and Social Security" and click "Show more"
5. Scroll down and click "Start or Edit/Add" next to "IRA, 401(k), Pension Plan Withdrawals (1099-R)" 
6. Answer "Yes" to the question "Did You Have Any of These Types of Income?"
7. Click "I'll Type it Myself"
8. Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
9. Click "Continue"
10. From here TurboTax will walk you through entering your Form 1099-R
11. Enter the first 1099-R and answer the questions until you get to the "Your 1099-R Entries" screen
12. Click on "+Add Another 1099-R" and enter your second 1099-R

[caliread]

The recommended procedure appears to not work.  My issue is that one IRA account was split into two 1099-R's, one for one state, and one for another state.  For each 1099-R entry TurboTax asks for the RMD.  Typing in the actual RMD for the account for both 1099-R forms results in TurboTax thinking that the RMD was twice as large.  It treats the two 1099-R's as if they are completely separate, which they're not.

[DanaB27]

You should only enter the amount of the distribution for the RMD of this account in your case:

1. Click on "Search" on the top right and type “1099-R”
2. Click on “Jump to 1099-R” and enter your 1099-R
3. Enter the RMD amount allocated to this distribution since this account was split up on the "Let's get more information about your Required Minimum Distribution (RMD)" screen (do not enter more than the distribution amount)
4. Continue until "How much of this distribution applied to your December 31, 2024 RMD?" screen and select "The entire distribution was an RMD" 
5. On the "Here's your 1099-R info" screen click "Continue"
6. On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "None of these plans failed to withdraw the RMD" if you met all of your RMD for 2024, otherwise select what is applicable. 

@caliread