I recieved two 1099-R's for a tiny disbursement of around $4700. One is for the disbursement and shows the taxes taken out. The other shows a rollover for the same amount with no taxes taken out. Do I not need to worry about the second one when filing my taxes? Or do I need to contact the paying trust company or my former HR department and get the second one nullified?
Thanks for any help,
Mark
I might guess what happened, but if the 1099 has a code G, and no taxable amount listed, just add the total amount of that 1099 to Form 1040 line 16a but not to 16b.
The 1099s seem right if my guess about what happened is right. But it can't hurt to have HR explain it to you.
Yeah, the one with a tax amount has the G code. The one without has a code
1 in it. What might be the cause, a mis filing on their part?Mark
It sounds very very wrong!
I suspect that closer inspection of both forms might reveal a little check box on one in the "CORRECTED" box.
You reckon?
ChEAr$, Harlan Lunsford, EA n LA
Yeah, the trust company that sent the 1099-R's finally sent a corrected one. When I called them they said it was already in the mail!.......
Mark D.
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