topic Re: 1099-R in Retirement tax questions

1099-R

mahrjb — Thu, 19 Feb 2026 17:03:05 GMT

I entered two 1099-R forms into TurboTax. The both show up, but on form 5329-T only one is there.

I already tried deleting both, and rebooting my computer, and rentering both 1099-Rs but I get the same result.

The distrubution from one of the 1009-R is not added to the total and TurboTax tells me I have a penalty for insufficient RMD.

Re: 1099-R

KrisD15 — Thu, 19 Feb 2026 17:15:59 GMT

It sounds like the program is applying "penalty" tax on the 1099-R entered for the primary souse.

Did you enter two Forms 1099-R and if yes, was each for a different spouse or were both for the same person?

Was either distribution non-qualifying such as taken before age 59.5?

Re: 1099-R

mahrjb — Thu, 19 Feb 2026 18:02:46 GMT

Both 1099-Rs were for me. The first company was acquired by the second company. I am 78. It appears TT is not adding the distribution from the first company to the distributions from the second company.

Re: 1099-R

mahrjb — Mon, 23 Feb 2026 19:33:39 GMT

I resovled this issue by going to the forms view and checking box on first 1009-R that this distrubution was for RMD.