Where, if anywhere, does IRA distribution1099-R income ($850) for a 20 yr. old college student get reported?

It's the RMD on an inherited IRA. The student has no other income. I see info about Int. or Div. income, but not IRA distributions.

Best answer by CherylW

If that is the ONLY income he received in 2016, then it is NOT taxable.

If he is over the filing threshold (has a job or other taxable income), then the IRA distribution gets reported:

1. Go to Your 2016 Income Summary.

2. Go down to Retirement Plans and Social Security.

3. Click Start or Update by IRA, 401(k), Pension Plans (1099-R).

4. Click Add Another 1099-R.

Enter the 1099-R EXACTLY as you have it. It'll be calculated in with the college student's other income.

Level 11

If that is the ONLY income he received in 2016, then it is NOT taxable.

If he is over the filing threshold (has a job or other taxable income), then the IRA distribution gets reported:

1. Go to Your 2016 Income Summary.

2. Go down to Retirement Plans and Social Security.

3. Click Start or Update by IRA, 401(k), Pension Plans (1099-R).

4. Click Add Another 1099-R.

Enter the 1099-R EXACTLY as you have it. It'll be calculated in with the college student's other income.

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