erli59
New Member

On Mike's 1099r was past early retirement age does this amount need to be added as earned income

 

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.*

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