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I inherited a 401k and withdrew part of it last year. i

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received 2 1099 forms--one showing...
i inherited a 401k and withdrew part of it last year. i received 2 1099 forms--one showing the original inherited amount and the second showing the distribution amount and taxes taken out.....which 1099 r do i use when filing taxes?
Submitted: 2 years ago.Category: Tax
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Answered in 4 minutes by:
2/19/2016
Tax Professional: Lev, Tax Advisor replied 2 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,858
Experience: Taxes, Immigration, Labor Relations
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Please verify - one 1099R form might be marked as CORRECTED at the top - if so - use that form.

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Tax Professional: Lev, Tax Advisor replied 2 years ago

Another issue - the administrator might created separate account for your inherited tax deferred account - if so - one 1099R form might report direct transfer to that account. Please verify what are reporting codes in box 7 on both forms?
If that is possible to scan and post forms here - I will verify for you.
Please be sure to remove all personal information when uploading.

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Experts are ONLY credited when answers are rated positively.
If you still have any doubts, need clarification - please be sure to ask.
I am here to help you with all tax related issues.

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