I received a1099-R this year for an account that was closed in 2023. A corrected 1099-R was issued for $0.00. The software says the value I enter can't be $0.00.

The software says the amount should be greater than $0.50. Should I ignore the software's objection or simply remove this 1099-R from my return.

posted

If you received a corrected 1099-R showing $0.00, you should remove the form from your TurboTax return. TurboTax doesn't accept $0.00 Removing the form should not cause any IRS issues since the corrected form indicates no taxable amount.

TurboTax Original Post

I received a1099-R this year for an account that was closed in 2023. A corrected 1099-R was issued for $0.00. The software says the value I enter can't be $0.00.

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I received a1099-R this year for an account that was closed in 2023. A corrected 1099-R was issued for $0.00. The software says the value I enter can't be $0.00.

I received a1099-R this year for an account that was closed in 2023. A corrected 1099-R was issued for $0.00. The software says the value I enter can't be $0.00.

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I received a1099-R this year for an account that was closed in 2023. A corrected 1099-R was issued for $0.00. The software says the value I enter can't be $0.00.

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I received a1099-R this year for an account that was closed in 2023. A corrected 1099-R was issued for $0.00. The software says the value I enter can't be $0.00.

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