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April 15, 2024
Question

Should I report form 1099-R if the gross distribution is less than 1 dollar?

  • April 15, 2024
  • 1 reply
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1 reply

DMarkM1
April 15, 2024

If the distribution is .49 or less do not enter the form 1099R on your return.  If the amount is .50 or greater round up to $1 and enter the form information.

 

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