Question

IRA Mutual Fund error correction in my favor less than $26.00 distributed to me

Forum|Forum|6 years ago
February 14, 2020
1 reply
0 views

No text available

Please advise your specific question/concern regarding this distribution so we can better assist. We do not have access to your return/account, as this is a public forum.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

J

J_WAuthor

In correcting an error in the fee charged to handle an IRA mutual fund, the fund managers made an error which they corrected. A check for $25.18 was distributed to me at the end of 2019 but no 1099-R. Since this is income to me as a result of an IRA distribution to me (I'm in retirement), how do I use TurboTax to include the income when there is no 1099-R. The fund will not issue a 1099-R and they have failed to provide me their payer ID.

A

Anonymous

was this was a reimbursement of fees you paid personally for the iRA. if so, it's not taxable unless you got a tax deduction for the year you paid them.

if these fees were paid out of the IRA a/c the fees should have gone back int the IRA account.

for the amount involved, just list it as misc income. schedule 1 line 8