Question

I received a 1099-r but not the stated distribution

Forum|Forum|7 years ago
June 4, 2019
1 reply
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I received a 1099-R from an insurance co- closed the account

Box 1 has gross distribution as 65,000- Did not receive that amount

TurboTax Deluxe Online

Employee

Is it possible that you requested a trustee-to-trustee rollover? Or was the $65,000 subject to a marital property distribution incident to a divorce? Has the IRS or a Court levied against the account for satisfaction of back taxes or a civil judgment?

If none of these situations exist, and you simply did not receive the money represented by the Form 1099-R, that is not a tax question, but should be discussed immediately with a representative of the insurance company.