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April 13, 2024
Question

My 1099 r shows a "total distribution". I did not receive the funds. They went straight into a CD. How do I correct this not to show taxable income?

  • April 13, 2024
  • 1 reply
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1 reply

VolvoGirl
Employee
April 13, 2024

Was the CD in another IRA or 401k account?  If not then the 1099R is taxable now.   What was the 1099R from?  What code is in box 7?  Was it transferred directly to the CD?  It might be a Rollover to another IRA CD.