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jon1rene
New Member

Do I have to file a 1099 R that is for $00.45?

 
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ThomasM
New Member

Do I have to file a 1099 R that is for $00.45?

No, you don't.  TurboTax (and IRS) rounds to the nearest dollar, so if you have a 1099-R for under 50 cents, just keep it for your records.  No need to include it on your tax return.

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1 Reply
ThomasM
New Member

Do I have to file a 1099 R that is for $00.45?

No, you don't.  TurboTax (and IRS) rounds to the nearest dollar, so if you have a 1099-R for under 50 cents, just keep it for your records.  No need to include it on your tax return.

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