Yes, still report the 1099-R even if it shows 0 taxable. Do not ignore as this can have an affect on other portions of tax return. If showing 0 taxable amount, it may not even affect the outcome of your taxes, but still needs to be reported. The IRS is looking for forms reported to taxpayers on their returns.
@AL107
Edited 02/07/2023 | 01:53 PM PST
The form should have a tax year on it, if it says 2022, you report this year. If it says 2021, (which may not be the case since it was withdrawn in 2022) you would report in 2021 taxes.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
