Solved: Do I need to report 1099-R distributions on my 2017 return when the taxable amount in box 2a is $0?
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Do I need to report 1099-R distributions on my 2017 return when the taxable amount in box 2a is $0?

The distributed amounts are a few dollars a month getting pulled from a life insurance premium and put into a long-term care rider. We do not receive the money as cash, and it is not rolled over into another investment.

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Do I need to report 1099-R distributions on my 2017 return when the taxable amount in box 2a is $0?

Yes.  That is income that you received regardless of whether you had any taxes withheld or not.  A simple rule is that if you receive any kind of 1099, you need to report it!

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Level 2

Do I need to report 1099-R distributions on my 2017 return when the taxable amount in box 2a is $0?

Yes.  That is income that you received regardless of whether you had any taxes withheld or not.  A simple rule is that if you receive any kind of 1099, you need to report it!

View solution in original post

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