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If you received a 1099-R, it needs to be claimed on your return to the extent that it's taxable. If you are not penalized or taxed, no worries -- you won't have anything to pay.
Please let me know if you need anything additional. If not, please rate positive.
I did receive a 1099R and there's a taxable amount in box 2a for $494. Am I supposed to pay a 10% penalty and pay taxes on this even though I got 12 weeks unemployment insurance in 2014? I'm 54 years old
No, you won't pay the 10% penalty -- when you file your return and enter it into the software, then note that you meet an exception
I don't know where to note the exception in turbo tax, can you help me?
I'm not familiar with TurboTax, so I am unable to give you directions to where to put this in. Please rate this question, then add another question directly related to TurboTax