DanaB27
Expert Alumni

Get your taxes done using TurboTax

Yes, if they stated that they will void the wrongly issued Form 1099-MISC then you do not have to include it in your income, even if they don't void it right away. Yes, it is a good idea to keep documentation in case the IRS comes back with questions.

 

You don't have to report any income earned within the IRA. You only report distributions to you and these will be reported on Form 1099-R.

 

[Edited 2/24/2023 | 9:01 am PST]

@efklein001 

 

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