multiple 1099-R from same retirement account

Forum|Forum|4 years ago
April 6, 2022
2 replies
25 views

Good morning!

I have two 1099-R forms from the same TIAA retirement account. One has the expected amount, based on monthly disbursements. The other is for $0.51 - that's the gross distribution amount in Box 1.

TurboTax will not accept that amount.

Should I (a) combine the numbers on the two forms - they're REALLY from the same account; I've looked at the account details online and it's all from the same account, or (b) round that up to $1.00, or (c) something else entirely?

Thank you.

TurboTax Premier Online

Bsch4477

Level 15

Either add a dollar to the other form or report the .51 as one dollar

AnnetteB6

Level 15

Try rounding the $0.51 up to $1.00 and keep it on a separate Form 1099-R. If that does not work, do not enter that Form 1099-R as part of your return.

Not reporting an amount that small is not going to materially affect your return. Just keep it with your records in the even the IRS questions why it was not reported.

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