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1099-R with amount in Box 5 but nothing (0.00) in Box 1, Smart Check review says there should be a value greater than 0.50 in Box 1
Hi there,
I recieved a 1099-R for 2024 with 0.00 in all boxes except for Box 5, which has a dollar amount. Total distribution is checked, and the distrbution code in Box 7 is 1B. Box 11's "1st year of desig. Roth contrib." is filled in as 2021. I've entered this in my turbo tax but Smart Check is flagging the entry, saying that "Gross distrbution amount should have a value and should be greater than $0.50." But the 1099-R I recieved shows the value in Box 1 as 0.00.
Can I safely ignore this, or is there an error on my 1099-R?
Thanks for your help.
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March 30, 2025
12:01 PM