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Should I enter each distribution shown on 1099-R, or can I total them and make one entry?

There are multiple funds that had gross distributions.
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2 Replies

Should I enter each distribution shown on 1099-R, or can I total them and make one entry?

If they are on a single 1099-R then as long as the the box 7 code is the same, you can just enter as a single 1099-R with the totals for each box.       That is how most 1099-R's are issued but some financial institution make a separate entry for each fund.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Should I enter each distribution shown on 1099-R, or can I total them and make one entry?

Thanks for your response.

 

 As a matter of fact, all the distribution type entries were not the same.  I entered them separately.  

 

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