I'm trying to enter information for a 1099-R. The gross distribution in Box 1 is $0.12 (yes, that's right 12 cents), but the form won't accept it. What do I do?
I keep clicking "Continue", but the form keeps highlighting Box 1 in red and saying "Enter gross distribution in Box 1".
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1 Best answer
DoninGA
Level 15
Jan 20, 2024 1:25:17 PM
Since the amount of the distribution is less than $0.50 you do not need to report the distribution on your tax return.
1 Replies
DoninGA
Level 15
Jan 20, 2024 1:25:17 PM
Since the amount of the distribution is less than $0.50 you do not need to report the distribution on your tax return.