dmertz
Level 15

Retirement tax questions

It was a mistake to report this income on your 2018 tax return and you must amend your 2018 tax return to remove this income.  Along with the amendment you must file Form 5329 Part IX and explanation statement requesting waiver if the 50% excess accumulation penalty.

 

The entire amount of income shown on the 2019 Form 1099-R must be reported on your 2019 tax return without modification.