turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Oct 16 is the IRS deadline–file confidently with expert help. File Now
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Do I have to enter a 1099-R form on my return if there is no taxable income on it? The gross distribution box has a large amount in it ... but taxable amount box is 0.

 
This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Talk to a live expert to get the help you need.
1 Best answer

Accepted Solutions
IreneS
Intuit Alumni

Do I have to enter a 1099-R form on my return if there is no taxable income on it? The gross distribution box has a large amount in it ... but taxable amount box is 0.

Yes.  The IRS matches up the 1099-Rs they receive to the tax returns the information is supposed to appear on.  Even though there is no taxable amount, there are figures that the IRS wants to see.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

5 Replies

Do I have to enter a 1099-R form on my return if there is no taxable income on it? The gross distribution box has a large amount in it ... but taxable amount box is 0.

Yes.  What code is in box 7?

Do I have to enter a 1099-R form on my return if there is no taxable income on it? The gross distribution box has a large amount in it ... but taxable amount box is 0.

Looks like there is a "G" in box 7.

Do I have to enter a 1099-R form on my return if there is no taxable income on it? The gross distribution box has a large amount in it ... but taxable amount box is 0.

I actually have 2 of these 1099-R's     One was a rollover from one rollover IRA to another (switched from one financial institution to another).   The other was a contribution from my company to my rollover IRA pension plan.   In both cases the money remains in a tax advantaged account (i.e. was not taken out).   The code in box 7 in a "G" in both cases.
IreneS
Intuit Alumni

Do I have to enter a 1099-R form on my return if there is no taxable income on it? The gross distribution box has a large amount in it ... but taxable amount box is 0.

Yes, you still need to enter the information.  There, of course, will be no impact on your taxes because of the rollover (code G).  The IRS still wants to see the 1099-R entered.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
IreneS
Intuit Alumni

Do I have to enter a 1099-R form on my return if there is no taxable income on it? The gross distribution box has a large amount in it ... but taxable amount box is 0.

Yes.  The IRS matches up the 1099-Rs they receive to the tax returns the information is supposed to appear on.  Even though there is no taxable amount, there are figures that the IRS wants to see.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v