Do you need to report a 1099R if under 500dollars?

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Do you need to report a 1099R if under 500dollars?

Yes. You have to report all your income, no matter how little it is.

Do you need to report a 1099R if under 500dollars?

Yes you must report all your income no matter how small. Even $1 of bank interest you don't get a 1099 for. Unless it's your only income. Then you don't need to file a tax return except to get back any withholding taken out.

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