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New Member
posted Feb 3, 2024 2:58:01 PM

Is there a minimum limit for gross distribution on form 1099-R?

I'm typing in my gross distribution amount as shown on my form 1099-R, but am being prompted to Enter gross distribution in Box 1

0 4 1935
4 Replies
Level 15
Feb 3, 2024 2:59:47 PM

Yes, the amount in box 1 has to be $0.50 or more.  If it is not then the Form 1099-R does not need to be reported on your tax return.

New Member
Feb 18, 2024 2:27:41 PM

Hi DoninGA,

My gross distribution is $0.70. Turbotax refuses to go forward. Testing some values, it seems the minimum is $1. How to proceed in this case? Report $1?

Expert Alumni
Feb 18, 2024 2:31:50 PM

Yes, report $1.                 70 cent should be rounded up to one dollar.   @mgmartins 

Level 15
Feb 18, 2024 2:33:21 PM

Do not enter the Form 1099-R if the program will not accept the $0.70.  That small amount is not going to be an issue if not reported.