Question

I received 2 1099-R's for the same withdrawal but with different addresses. Do I have to report both?

Forum|Forum|4 years ago
April 16, 2022
1 reply
0 views

I know I have to report everything I receive as the IRS also receives it, but it doubles my early withdrawal penalty.

TurboTax Deluxe Online

If you received two 1099-R for the same withdrawal you need to contact the financial institution that issued the 1099-Rs and have then void one of the distributions. Otherwise, as you stated you will be reporting the same distribution 2 times.

This issue may not be resolved in time for you to file your taxes by the April 18, 2022 deadline. You may want to consider filing an extension to file you’re your tax return. This TurboTax link How do I file an IRS extension (Form 4868) in TurboTax Online? will assist you in filing an extension.

IRS extensions for tax year 2021 must be filed on or before April 18, 2022 for domestic taxpayers.

Keep in mind: An extension doesn't give you extra time to pay your taxes — but it will keep you from getting a late filing penalty.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"