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brat-drew
New Member
posted
‎June 6, 2019 4:36 AM
last updated ‎June 06, 2019 4:36 AM

1099 R form received for Distribution 12/23/2016 to rollover to another account within 60 days. I did not rollover this money, instead cashed it.

From states 0 to be taxed on. Is this something I pay taxed for 2016 or 2017?
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tursman
New Member
‎June 6, 2019 4:36 AM

1099 R form received for Distribution 12/23/2016 to rollover to another account within 60 days. I did not rollover this money, instead cashed it.

You will have to enter it as taxable income on line 15 if it is for an IRA or line 16 if it is from a pension.  If you are under 59 1/2, there will also be a withdrawal penalty.
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