Do I have to enter a 1099-R form on my return if there is no taxable income on it? The gross distribution box has a large amount in it ... but taxable amount box is 0.

Forum|Forum|7 years ago
June 6, 2019
5 replies
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Best answer by Irene2805

Yes. The IRS matches up the 1099-Rs they receive to the tax returns the information is supposed to appear on. Even though there is no taxable amount, there are figures that the IRS wants to see.

VolvoGirl

Level 15

Yes. What code is in box 7?

jeffallen408

Level 2

Looks like there is a "G" in box 7.

davedeniseallenAuthor

Level 2

I actually have 2 of these 1099-R's One was a rollover from one rollover IRA to another (switched from one financial institution to another). The other was a contribution from my company to my rollover IRA pension plan. In both cases the money remains in a tax advantaged account (i.e. was not taken out). The code in box 7 in a "G" in both cases.

Irene2805

Level 15

Yes, you still need to enter the information. There, of course, will be no impact on your taxes because of the rollover (code G). The IRS still wants to see the 1099-R entered.

Irene2805Answer

Level 15

Yes. The IRS matches up the 1099-Rs they receive to the tax returns the information is supposed to appear on. Even though there is no taxable amount, there are figures that the IRS wants to see.