Have a Tax Question? Ask a Tax Expert
Distribution before the due date of the return is not taxable, however - that distribution will be reported on form 1099R.You still will report it on your tax return - line 15a - as gross distribution and line 15b would be zero.
Additional form 5329 might be needed depending how distribution is reported on form 1099R (specifically - verify distribution code in box 7)
I appreciate if you take a moment to rate the answer.Experts are ONLY credited when answers are rated positively.If you still have any doubts, need clarification - please be sure to ask.I am here to help you with all tax related issues.