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On Mike's 1099r was past early retirement age does this amount need to be added as earned income
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June 1, 2019
12:05 AM
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Retirement tax questions
No matter what the person's age is, the 1099-R must be entered in the software on the Wages&Income page.
It is not considered "earned" income, but it is considered as potential "taxable" income, depending on whether the $$ were put (effectively) in your pocket and then taxed, or.......... if "rolled" into an IRA, then it wouldn't be taxed...but teh IRS expects to see that 1099-R reported on your tax return.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
June 1, 2019
12:05 AM