Alan S. wrote:If you get a 1099R (maybe you won't), you will have to report it on lines 16a and 16b. If your distribution included a small amount of earnings, the earnings would go on 16b and there would be a 10% penalty on the earnings ONLY if the 1099R was not coded as a corrective distribution.
Ah, yes, exactly, the small taxable amount shows up there on 16b.
In my case, the corrective distributions include earnings and there is also withholding done on them. So this year, for example, I had $4 in withholding covering the taxes on some trivial amount of earnings. The withholding shows up later in the 1040 where the tax due is computed. I don't think there will be a penalty on these sorts of corrective distributions.
Note that a 1099-R which includes withholding is apparently supposed to be included with your tax filing, like a W-2 is.