Question

I only have a 1099-R, do I need to file taxes?

Forum|Forum|2 years ago
April 15, 2024
1 reply
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My previous company enrolled us in a Roth 401K plan in 2021, and then the company shut down in 2022. Surprisingly, I received two 1099-R forms from that 401K plan this year, the total amount is about $200.

I didn't work in 2023, so I have no income and no insurance. The $200 is the only thing I need to file taxes for. So I filed it with TurboTax and it would cost me almost $200, including $69 Turbotax Duluxe, and $64 for a state return, plus another $64 for another state return where I lived for about 2 months.

I found the price is too high, I wonder do I have to file the tax since it's only about $200 and I have no other income? Would an accountant charge less than this?

Or can I file my taxes as I have no income?

Any advice would be really appreciated, thank you!

Not A Product Question

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xmasbaby0

Employee

You do not say how you were supported on only $200 of income all year. Is someone else supporting you? If your only income was $200, you do not need to file a tax return.

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