I got a 1099R for a 401K total distribution in the amount of $0.46, is this distribution reportable as income since it rounds down to $0.00.

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I got a 1099R for a 401K total distribution in the amount of $0.46, is this distribution reportable as income since it rounds down to $0.00.

No, you do need to report this 1099-R as the amount is rounded to 0.

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I got a 1099R for a 401K total distribution in the amount of $0.46, is this distribution reportable as income since it rounds down to $0.00.

No, you do need to report this 1099-R as the amount is rounded to 0.

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

I got a 1099R for a 401K total distribution in the amount of $0.46, is this distribution reportable as income since it rounds down to $0.00.

I just had my brokerage close out a 42 cent balance on a IRA account...LOL they sent me a check for 42 cents....cost more to mail it to me!

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

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