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Level 1
May 15, 2021
Question

Investment interest

  • May 15, 2021
  • 2 replies
  • 13 views

We have 3 IRAs, but only one came on a form 1099R. Where do we enter info from the other two that came looking a bank statement?

    2 replies

    fanfare
    Level 15
    May 15, 2021

    enter only a 1099-R. That's where your activity was.

    Don't try to enter year end statements.

    Mike9241
    Level 15
    Level 15
    May 15, 2021

    do you have basis in the IRAs? it would be reflected on form 8606. if so, then year-end values must be entered in order to properly compute the taxable and non-taxable portions. 

    Mike9241