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fajardoe
New Member

Should I report form 1099-R if the gross distribution is less than 1 dollar?

 
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1 Reply
DMarkM1
Expert Alumni

Should I report form 1099-R if the gross distribution is less than 1 dollar?

If the distribution is .49 or less do not enter the form 1099R on your return.  If the amount is .50 or greater round up to $1 and enter the form information.

 

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