topic Re: Duplicate 1099R in Retirement tax questions

Duplicate 1099R

Goldy71 — Wed, 21 Apr 2021 18:06:43 GMT

My wife and I share an IRA management plan. We both get equal monthly distributions. Our 1099Rs are both the same. In past years eFiling with TruboTax has not been a problem. This year both the state and the Fed rejected our efile for a duplicate 1099R. I made sure that each 1099R was correctly assigned, that our personal info was correct but this made no difference. I removed the electronic down load for one 1099R and entered the data manually- still rejected. I am surprised they do not go by taxpayer id for this!

Re: Duplicate 1099R

SteamTrain — Wed, 21 Apr 2021 18:59:55 GMT

Yeah, for some reason this has been a problem for multiple taxpayers this year. TTX will need to fix that in their software, but we have no idea when that will be.

(( Edited per suggestion below. Move one of the distributions up or down by 0.01 (one cent))

(((but not if from 49 cents to 50 cents up...since that change will round up a whole $, or down from 50 cents to 49 cents down since that would result in a $1 change rounding lower )

____________________________

Better?

Re: Duplicate 1099R

macuser_22 — Wed, 21 Apr 2021 18:13:08 GMT

@SteamTrain wrote:

Yeah, for some reason this has been a problem for multiple taxpayers this year. TTX will need to fix that in their software, but we have no idea when that will be.

The solution for some folks was to increase the Distribution by $1 for one person, dn decrease it by $1 for the other, so that the total getting on the form 1040 is the same.

____________________________

A dollar change will certainly get a letter from the IRS. Just change the box 1 amount by $0.01 up or down on one 1099-R so that it does not cross the rounding to nearest dollar amount and it will be transparent to the IRS.