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camoross
New Member

I have a 1099-R, $0.00 taxable amount and 0% of total distrubution, do I need to include it on my taxes?

The minimum % of total distribution for TurboTax is .01% but my 1099-R is 0.00%
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1 Reply
DanielV01
Expert Alumni

I have a 1099-R, $0.00 taxable amount and 0% of total distrubution, do I need to include it on my taxes?

It depends.  What determines whether you need to report the information or not is Box 1, distribution.  If that number is zero, then you do not need to report the form.  However, even though there is no taxable distribution, you are required to report the distribution.  For instance, if the box 7 code is a G, showing a rollover, this is not taxable, but it is reportable.  The same is true if it is a Roth distribution.  But if for some reason you received a form stating zero distribution, this would not need to be reported on the return.

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