RobynLW
Feb 9, 2009, 02:36 PM
I have an IRA account with Fidelity, and just received a 1099-R.  Is it possible I received this in error?  Do I need to report this on my taxes?  Thanks for your help.
ebaines
Feb 9, 2009, 02:53 PM
Your IRA custodian issues you a Form 1099-R if you took a distribution, including if you rolled the account over to another investment house.  The 1099-R should have a distribution code, which is used to determine whether the distribution is taxable or not.  Take a look at the form - what does it say in Box 7?  Also, is there an amount in Box 2a (taxable amount)?  Or is box 2b checked ("Taxable amount not determined")?