Can someone please tell me why on my 1099R summary form from my 1040 Federal, why on line 26A (Pension and annuities, taxable) is populated with the amount of my total distribution, when the amount off my 1099R for box 2a is ZERO? This was a distribution and direct rollover to a Traditional IRA. On the next line the money is subtracted out, so it's a wash. Does it matter, or do I have to change anything? Thanks.
You'll need to sign in or create an account to connect with an expert.
1099-R Summery is a worksheet, don't worry about it unless the bottom line is wrong.
If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it’s right.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
markrav4
New Member
HelenBlank
New Member
letranjay
New Member
hayhurst14
New Member
LLLnew
Level 3