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My previous employer sent me a 1099-R, I did not take this money out of any account. Will I need to pay this money back?

 
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2 Replies
Vanessa A
Employee Tax Expert

My previous employer sent me a 1099-R, I did not take this money out of any account. Will I need to pay this money back?

What happened to the money?  If they sent you a 1099-R, then they likely sent you a check or you were given the option to roll over the funds.  When did you leave them and when was the money sent or moved?  

 

If it was a check and you never received it, you will need to contact the company to find out what happened.

 

If it was a rollover (you had 60 days to do so), you will just need to enter your 1099-R, then as you go through the additional questions after entering the 1099-R, it will ask you what you did with the money?  Select that you rolled it over and follow through on those questions.  If you meet the criteria for a rollover, then you will not have to pay taxes on the money from your retirement account. 

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My previous employer sent me a 1099-R, I did not take this money out of any account. Will I need to pay this money back?

Did you have a loan on it you didn't pay back?  

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