Corrected 1099-R’s
What should a Corrected 1099-R form look like if it is reversing a 1099-R that was issued in error? $0.00 in Boxes 1 and 2a? Also, do I need to report these two 1099-R’s on my tax return?
What should a Corrected 1099-R form look like if it is reversing a 1099-R that was issued in error? $0.00 in Boxes 1 and 2a? Also, do I need to report these two 1099-R’s on my tax return?
A corrected Form 1099-R that was issued to show that there was no distribution would have $0.00 (or be blank) in boxes 1 and 2a. It would also have the "Corrected" box check. You only report the corrected 1099-R, which will really be reporting nothing. But enter it and report it. Do not report the original. Once the corrected was issued, it's as if the original never was.
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