Received a 1099R, amount is $0.08, some say I should report it, some say if I don't I'll get audited since the IRS knows there's a 1099R for me, what should I do?

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Received a 1099R, amount is $0.08, some say I should report it, some say if I don't I'll get audited since the IRS knows there's a 1099R for me, what should I do?

The IRS does not want you to report $.08. They prefer that anything under $.50 be rounded down to zero. They will get a copy of the 1099-R and see the amount.

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Received a 1099R, amount is $0.08, some say I should report it, some say if I don't I'll get audited since the IRS knows there's a 1099R for me, what should I do?

The IRS does not want you to report $.08. They prefer that anything under $.50 be rounded down to zero. They will get a copy of the 1099-R and see the amount.

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