Do I select multiple funds from my Vanguard account for the disbursement?

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L1: Do I select multiple funds from my Vanguard account for the disbursement?
So I’m ready to request my first disbursement from my Vanguard account. When I start to fill out the online request it asks me to select the funds in my account from which I want to pull the money. Do I select just one fund or do I select them all and divide the money up so that the total disbursement adds up to the correct number?
2018-06-25 21:30, By: MINIBee, IP: [159.63.140.216]

L2: Do I select multiple funds from my Vanguard account for the disbursement?
You can take distributions from one, several, or all of your Vanguard accounts in your SEPP plan. It depends how much work you want to do when you file your tax return for 2018. Every Vanguard fund that you take a distribution from will issue you a form 1099-R. If you take distributions from 10 funds, and withhold taxes from each one, then you will be required to report each of these separately, and attach a copy of each 1099-R to your 2018 tax return.
You can keep your work to a minimum in preparing your 2018 tax return by taking the distribution from just one or two funds. Usually I recommend taking the distribution from the fund with the highest balance because it has usually had the biggest increase in value. You can transfer monies between funds in order to make it easier to take the withdrawal from only one or two funds.
2018-06-26 01:04, By: dlzallestaxes, IP: [173.59.49.132]

L3: Do I select multiple funds from my Vanguard account for the disbursement?
Thank you!
2018-06-26 15:47, By: MINIBee, IP: [159.63.140.207]

L4: Do I select multiple funds from my Vanguard account for the disbursement?
If your mutual fund accounts have been upgraded to Vanguard’s brokerage account platform before 2018, there will be only one 1099R issued for all distributions from a single IRA account. I think most but not all Vanguard clients have been upgraded.
2018-06-26 17:06, By: Alan S, IP: [24.117.172.15]

L5: Do I select multiple funds from my Vanguard account for the disbursement?
That is great. American Funds still uses separate 1099-R forms for each fund.
2018-06-26 17:55, By: dlzallestaxes, IP: [173.59.49.132]