1099-R

[Lenell]

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 ? 

[macuser_22]

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.

[Lenell]

Macuser_22,

Thank you  !  !  !