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C
chuck-hogan
March 17, 2025
Question

I received a1099-R this year for an account that was closed in 2023. A corrected 1099-R was issued for $0.00. The software says the value I enter can't be $0.00.

  • March 17, 2025
  • 1 reply
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The software says the amount should be greater than $0.50. Should I ignore the software's objection or simply remove this 1099-R from my return.

    1 reply

    S
    SabrinaD2
    March 18, 2025

    If you received a corrected 1099-R showing $0.00, you should remove the form from your TurboTax return. TurboTax doesn't accept $0.00 Removing the form should not cause any IRS issues since the corrected form indicates no taxable amount.

     

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