1099-R
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Returning Member

1099-R

I received a 1099-R form with no federal taxes withheld for the year 2020.  I initially claimed zero exemptions.  My 1099-R did not exceed $11,000.00.  Do I need to include this 1099-R in my Turbotax for my 2020 tax year ? 

2 Replies
Level 15

1099-R

Yes you sure do need to report it.   Depending on the type of account the box 1 amount might be taxable and even if it is not, unless you report it the IRS will assume that it is and send a bill.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
Returning Member

1099-R

Macuser_22,

 

Thank you  !  !  !

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