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Should I submit both1099r forms? I left one job and rolled it over to my new job. I dont see an option to select rollover. It only has roth over and this is not roth

When I submit both it doubles my true amount
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1 Reply
JohnB5677
Employee Tax Expert

Should I submit both1099r forms? I left one job and rolled it over to my new job. I dont see an option to select rollover. It only has roth over and this is not roth

Yes you should enter both 1099-R's.

 

Post the first one for the rollover from the company you left

 

Log into TurboTax

  1. Under Federal
  2. Select Wages & Income
  3. Scroll to and select IRA, 401(k), Pension Plan Withdrawals (1099-R)
  4. Now Edit the entry you've already posted
  5. Continue the interview to
  6. Where is your distribution from?
  7. None of the above
  8. What kind of retirement plan do you have ...?
  9. Qualified plan (most common)
  10. Do any of these situations apply to you?
  11. None of these apply
  12. How much of the $XX,XXX was a RMD?
  13. None of this withdrawal was an RMD
  14. Tell us if you moved the money through a rollover or conversion
  15. I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)

Post the second one as a distribution

 

You can check tout tax return

 

From the left sidebar

  1. Select Tax tools
  2. Hint: You may have to minimize the Federal and State selections
  3. Click Tools
  4. A Menu will pop up
  5. Select View tax summary
  6. On the left panel click Preview my 1040

Some Key numbers:

  • 11 Adjusted Gross Income
  • 12 Deductions
  • 15 Taxable income
  • 16 Tax
  • 4a & 5a Pensions and IRAs
  • 4b & 5b Taxable amount 
  • 33 Withholdings
  • 34 Refund
  • 37 Amount you owe
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