1099-R and 1099-B for ESOP withdrawal

[josa27]

My client who is 57 years old withdrew from her Employee Stock Ownership Plan (ESOP) due to financial hardship.  However, during tax time, she was given two 1099s - 1099-R and 1099-B for the same amount of $34,972.38. Should I input both amounts in her tax return? Wouldn't she be taxed twice for the single withdrawal?

[qbteachmt · Accepted solution]

You can only sell something you possess with the right to sell it; or the distributions could have meant taking possession by rolling/transferring into a different plan. The 1099-R is the distribution document and the 1099-B is the sale. The R establishes basis and any taxable amount because of the distribution, and the B gives gain or loss.

Here:

https://ttlc.intuit.com/community/retirement/discussion/i-received-1099r-and-1099b-for-the-same-esop...