IRA distribution discrepancy

Forum|Forum|11 months ago
April 15, 2025
1 reply
0 views

I took a traditional IRA distribution and entered the information from the 1099R that I received into a TT 1099R form. Everything looks good there, but the 1040/1040SR Worksheet and the 1040 form itself both show that I took a distribution that is about 17% larger than the actual distribution that was in the 1099R. The actual distribution amount is way more than my RMD. How do I get the1040 to reflect the correct amount?

DanaB27

Please check your Form 1099-R entries:

Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R”

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

kfsjAuthor

Thank you for the response.

Unfortunately, that is what I have done numerous times without success. The problem is that the 1099R shows one amount, and when that value is transferred to the 1040, the amount is 17% larger. I did have a second 1099R listed in my return, but I deleted it as it was a duplicate of the remaining one, which has the problem. The 1040/1040SR worksheet also lists the inflated value, not the correct value from the 1099R. I navigate to these forms using the magnifying glass icon on the amounts in the 1040 and then the 1040 worksheet to dive into the source value in the 1099R.