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.
01982
1 Best answer
gehinious
Level 3
Jun 3, 2019 10:20:25 AM
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!
1 Replies
gehinious
Level 3
Jun 3, 2019 10:20:25 AM
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!