Rcvd a form 1099-R for employer pension distribution rolled funds to IRA Had to withdraw from that IRA have an 1099-R for withdrawal The 2 1099-R forms are adding together instead of subtraction

tll2jwl — Mon, 10 Feb 2020 22:04:30 GMT

Both transactions are in the same tax year

Re: Rcvd a form 1099-R for employer pension distribution rolled funds to IRA Had to withdraw from that IRA have an 1099-R for withdrawal The 2 1099-R forms are adding together instead of subtraction

macuser_22 — Mon, 10 Feb 2020 22:10:22 GMT

A pension rolled into a IRA is not taxable ans should be listed on the 1040 form line 4c with a zero on 4d (taxable amount) with the word ROLLOVER next to it.

The IRA distribution will probably all be taxable and should be on the 1040 line 4b.

It will show as income on the summary screen which shows gross income, not taxable income.

The IRS requires reporting all income on a *income* tax return - taxable and not-taxable.

topic Re: Rcvd a form 1099-R for employer pension distribution rolled funds to IRA Had to withdraw from that IRA have an 1099-R for withdrawal The 2 1099-R forms are adding together instead of subtraction in Retirement tax questions

Rcvd a form 1099-R for employer pension distribution rolled funds to IRA Had to withdraw from that IRA have an 1099-R for withdrawal The 2 1099-R forms are adding together instead of subtraction

Re: Rcvd a form 1099-R for employer pension distribution rolled funds to IRA Had to withdraw from that IRA have an 1099-R for withdrawal The 2 1099-R forms are adding together instead of subtraction