I'm not sure why you received a 1099-R for 2023.
You may have done a rollover or changed investment banks.
It may not be taxable, but I suggest you report it on your taxes.
- The gross distribution is posted to Box 1
- Box 2a (Taxable Income) may be blank but may not be zero.
- Are either of the boxes in 2b checked?
- What is the Box 7 distribution code.
- All of these factors may affect the taxability in 2023.
You are correct that, if you leave your money in the Retirement Account, it will not be taxed until it is distributed.
@eco11
Edited 03/25/2024 [11:08 AM PST]
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