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I left a job in 2017, and received a 1099-R. The form says 2018 and I received it in the mail in 01/18. Do i need to include it in 2017 taxes?

Forum|Forum|7 years ago
June 1, 2019
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Best answer by MichaelL1

If you left a job in 2017 and the retirement plan was cashed out and you were paid in 2017, then it would be 2017 income and needs to be reported on the 2017 return.

If actually paid in 2018, then it is 2018 income and you will need it a year from now when you do the 2018 return.

If on 2017 it gets reported as follows:

To enter pension and annuity Payments (1099-R)

Click on Federal Taxes
Click on Wages and Income
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

MichaelL1Answer

Employee

If you left a job in 2017 and the retirement plan was cashed out and you were paid in 2017, then it would be 2017 income and needs to be reported on the 2017 return.

If actually paid in 2018, then it is 2018 income and you will need it a year from now when you do the 2018 return.

If on 2017 it gets reported as follows:

To enter pension and annuity Payments (1099-R)

Click on Federal Taxes
Click on Wages and Income
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

K

krisalyn_leAuthor

I thought so. It was paid in 2018. But the problem is, my W2 lists that I received money from a retirement plan in 2017. So do I need to include it for 2017?