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benandgail
New Member
posted
‎January 15, 2020 3:48 PM
last updated ‎January 15, 2020 3:48 PM

Received 1099-R from Financial Institution with amounts from several different IRAs can they be totaled and entered as single amount in Box 1?

 
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Bsch4477
Level 15
Level 15
‎January 15, 2020 4:05 PM

Received 1099-R from Financial Institution with amounts from several different IRAs can they be totaled and entered as single amount in Box 1?

The IRS matches the 1099-R's you received with those submitted to them so it would be better to list them separately.

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MinhT1
Employee Tax Expert
Employee Tax Expert
‎January 15, 2020 4:06 PM

Received 1099-R from Financial Institution with amounts from several different IRAs can they be totaled and entered as single amount in Box 1?

It is advisable to enter each form 1099-R separately as the IRS may match the entries with the copies sent to them by the payers.

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