1099R Submitted by Jennifer Poole on Tue, 2024-02-27 16:13 If a client receives a 1099 R will he have any taxable events? Flag as spam
Permalink Submitted by Alan - IRA critic on Tue, 2024-02-27 16:28
Depends on whether his total income requires him to file a return.
Permalink Submitted by Jennifer Poole on Tue, 2024-02-27 18:32
Yes. They are required to file a return.
Permalink Submitted by Alan - IRA critic on Tue, 2024-02-27 18:46
The taxable income added to the return will generally be the amount in Box 2a of the 1099R, but for IRAs and Roth IRAs the taxable amount could be different.