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Yes. You have "constructive receipt" of the distribution. You should report the Form 1099-R. If you do not, what you file will not match what the IRS has on record,and you will at some point receive a letter from the IRS wanting you to pay tax on that amount. You will also be subject to penalties and interest on any tax owed.
Yes. You have "constructive receipt" of the distribution. You should report the Form 1099-R. If you do not, what you file will not match what the IRS has on record,and you will at some point receive a letter from the IRS wanting you to pay tax on that amount. You will also be subject to penalties and interest on any tax owed.
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