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Level 1
February 22, 2020
Question

IRA Distribution reporting

  • February 22, 2020
  • 1 reply
  • 5 views

I received IRA distributions on a 1099R but I received them sporadically over the year with some months being more signifivant that others.  Is there a way to report these as quarterly distributions> I recall seeing that somewhere in the software but cant find it  Can anyone help here please

    1 reply

    macuser_22
    Alumni - Champ
    Alumni - Champ
    February 22, 2020

    No.   IRA distributions are reported for the year reguardless of when during the year that it was taken.

    **Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
    fanfare
    Level 15
    February 22, 2020

    does your 1099-R not show the grand total of all distributed amounts? It should.
    if not, get out the calculator.