Under form 1099-R, there are (2) Gross Distribution with different amount. Which one I should enter?

[MargaretL]

You should enter both amounts... you should report form 1099-R into TurboTax exactly as it appears...I'm assuming that you are talking about box 1, Gross distribution, and box 2a Taxable amount... it is common to have both fields listed and both fields should be entered at this point.

1. Federal Taxes
2. Wages and Income
3. Scroll down to Retirement Plans and Social Security
4. Select IRA, 401(k), Pension Plans (1099-R)

[Anonymous]

What I think this person means is what I mean. 

I have one form. There are two different amounts under (1) Gross Distribution. Do I add those together or do I need to do two separate entries? 

(2a) Taxable amount is a different line. 

[CatinaT1]

Both box 1, gross distribution and box 2, taxable distributions are entered when entering your 1099R.  Enter them exactly as they appear on your form.

[Anonymous]

Ok, you are still not getting it. 

Forget (2a). This is all under (1) Gross Distribution.

It is like they should have given me two different 1099-R forms. Instead, they just put it on one, with two different distribution amounts. Can I add these together in one entry into Turbo Tax or do I need to put them in as two separate entries?

[CatinaT1]

If you received one 1099R, you enter one 1099R.  If you received 2 1099R's, you enter two 1099R's.  

Do not combine 1099R's.  If you feel there is an error on your 1099R, contact the issuer to receive a corrected one.

[macuser_22]

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@Anonymous wrote:

Ok, you are still not getting it. 

Forget (2a). This is all under (1) Gross Distribution.

It is like they should have given me two different 1099-R forms. Instead, they just put it on one, with two different distribution amounts. Can I add these together in one entry into Turbo Tax or do I need to put them in as two separate entries?

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If I understand yiu question you have a single 1099-R that lists two (or more) amounts in box 1. 

Does it have any note next to then to indicate different securities or accounts? 

Some financial institutions assign different account numbers to each security so when  a distribution is taken they list the gross amount from each separately in box 1 rather than just the total.    Most financial institutions simply list the total.

If that is the case then just add all box 1 amounts together and enter the total.

[Anonymous]

Yes. Thank you!

It does have different fund names. I will just add them together. 

[Gurujin]

I realize this is 1 year later, but, same issue. This is the first time we are filing our own taxes. 

I have a 1099-R with two, separate gross distribution amounts in Box 1 as well.  (customer service who kept responding did not get this point and kept missing as evidenced in their responses). 

There are two different amounts listed in Box 2a as well. Box 2b has two different options clicked for taxable amount and total distribution amount. Box 7 also has two different codes, one for each distribution amount. 

I totally understand the author of this message who had the same issue and ended up adding the amounts together which I am not certain about. 

However, I do think it is exactly as she said, they should have given two separate 1099-Rs but instead combined them into one because different things happened in the same account during the year. 

I still don't know what to make of this or how to report. I think I will just create another 1099-R in TurboTax and put in each amount and details separately. 

There is not an option to do this on the TurboTax software. 

[macuser_22]

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@Gurujin wrote:

I realize this is 1 year later, but, same issue. This is the first time we are filing our own taxes. 

I have a 1099-R with two, separate gross distribution amounts in Box 1 as well.  (customer service who kept responding did not get this point and kept missing as evidenced in their responses). 

There are two different amounts listed in Box 2a as well. Box 2b has two different options clicked for taxable amount and total distribution amount. Box 7 also has two different codes, one for each distribution amount. 

I totally understand the author of this message who had the same issue and ended up adding the amounts together which I am not certain about. 

However, I do think it is exactly as she said, they should have given two separate 1099-Rs but instead combined them into one because different things happened in the same account during the year. 

I still don't know what to make of this or how to report. I think I will just create another 1099-R in TurboTax and put in each amount and details separately. 

There is not an option to do this on the TurboTax software. 

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You can only add amounts and enter as one 1099-R *IF* the only difference is the box 1 and 2a amounts.  If other boxes, like box 7 is different, then  you must enter as separate 1099-R's. 

(I guess they are saving paper by putting more then one 1099-R on one form rather then issuing two 1099-R's, but you cannot enter them as one.)