Yes, if no withdrawal was made or didn't receive 1099-R, the form needed to be deleted. To delete a form 1099-R, if needed:
- In Tax Home Screen, click Tax Tools, then Tools.
- Under Tool Center, click delete a form.
- Under Review Form List, scroll down and delete the form, 1099-R.
Interest income is entered on form 1099-INT. You may have to go back to the form 1099-INT and delete the amount on box 2.
The Form 1099-R is used to report profit-sharing or retirement plans, IRA's, annuities, pensions, insurance contracts, and other qualified retirement plans.
The Form 1099-INT is a form for interest income reported by financial institution. The income is reported on Box 1 and Box 2 is early withdrawal penalty.
