Welcome Guest. Register Now!  

For 2016 Tax Tips For Year 2016.

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-18-2017, 12:48 PM
Junior Member
Join Date: Nov 2016
Posts: 3
1099-R received twice for different years for same amt


During conversion of my previous employer 401k to IRA (in year 2013), they made a mistake and transferred $250.00 extra which they discovered in 2016.

So my previous employer got exception to not pay penalty from IRS and sent me the letter to take the money out from IRA account.

I took the excess amount out and received 1099-R for year 2013 for $250.
Filed the amendment for year 2013 and paid the taxes on $250.

But now i have received another form 1099-R for $250 with year on it as 2016.

Different between 1099-R received for $250 is
year 2013 1099-R has -- distribution code E and column 3,4,5,6,8,10 marked 0
year 2016 1099-R has - distribution code 1 and IRA/SEP/SIMPLE as 'X' and column 3,4,5,6,8,10 blank

Am i supposed to show year 2016 1099-R again in my income and pay tax on it in 2016 (which will be double taxation)?

I called the firm that manages my IRA but they suggesting check with Tax advisors.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Received 1099 from Client taxq Sole-Proprietorship 1 02-03-2012 11:36 PM
I received a letter disallowing my 2007 refund for being filed untimely - more than 3 years - but it was postmarked 4/18/2011. What is the BEST and FASTEST way for me to pursue an appeal? ontime Miscellaneous 1 06-27-2011 10:23 PM
1099 and w-2 received for settlement hackerfoto Income 1 02-15-2011 03:40 AM
1099-A received - How will this affect me? markopolo Income 1 02-04-2011 02:16 PM
Received incorrect 1099 - what can I do? maconomist Sole-Proprietorship 1 01-21-2011 05:48 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning

» Recent Tax Q&A
No Threads to Display.