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Is there a minimum amount to report on a 1099-R? Thanks in advance

 
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LindaS5247
Expert Alumni

Is there a minimum amount to report on a 1099-R? Thanks in advance

The minimum distribution reportable on a Form 1099-R is $10.

 

According to the IRS you should file Form 1099-R for each person to whom you have made a designated distribution or are treated as having made a distribution of $10 or more from:

  • Profit-sharing or retirement plans.
  • Any individual retirement arrangements (IRAs).
  • Annuities, pensions, insurance contracts, survivor income benefit plans.
  • Permanent and total disability payments under life insurance contracts.
  • Charitable gift annuities, etc.


Click here for additional Form 1099-R information.

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3 Replies

Is there a minimum amount to report on a 1099-R? Thanks in advance

whatever is on the tax document you receive, that's what you report.

 

@maymaymowmow 

ee-ea
Level 15

Is there a minimum amount to report on a 1099-R? Thanks in advance

You should receive a copy of Form 1099-R you received a distribution of $10 or more from your retirement plan. You report your distribution.

LindaS5247
Expert Alumni

Is there a minimum amount to report on a 1099-R? Thanks in advance

The minimum distribution reportable on a Form 1099-R is $10.

 

According to the IRS you should file Form 1099-R for each person to whom you have made a designated distribution or are treated as having made a distribution of $10 or more from:

  • Profit-sharing or retirement plans.
  • Any individual retirement arrangements (IRAs).
  • Annuities, pensions, insurance contracts, survivor income benefit plans.
  • Permanent and total disability payments under life insurance contracts.
  • Charitable gift annuities, etc.


Click here for additional Form 1099-R information.

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

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