GiseleD
Expert Alumni

Retirement tax questions

He does have to report this on his return, as the IRS has also received a copy of the 1099-R. They will be looking to see if your husband reported the distribution on his return. If it is not reported, they will be in contact with you, and you may incur penalties and interest for not reporting it timely.

 

However, there are exceptions to the 10% penalty for early distributions. Click here to see if your situation met any of the exceptions.

 

Once you enter the distribution information from your 1099-R form, we'll help you check for any exceptions that could reduce the tax.

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