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Level 2
April 9, 2023
Solved

Corrected 1099-R

  • April 9, 2023
  • 2 replies
  • 14 views

I filed 2 weeks ago, returns were accepted by federal and state, my investment company just sent me a corrected 1099-R but the only change was a 1 cent difference in box 1a, amounts in every other box were unchanged. Do I have to file an amended return? Thanks in advance for your help!

    Best answer by DoninGA

    There is no need to amend a tax return for a $0.01 change in the gross amount distributed on the 1099-R.

    2 replies

    DoninGA
    Level 15
    DoninGALevel 15Answer
    Level 15
    April 9, 2023

    There is no need to amend a tax return for a $0.01 change in the gross amount distributed on the 1099-R.

    Level 15
    April 9, 2023

    As stated by DoninGA, there is no need to amend for such an insignificant change that will not affect your refund or balance due at all.

     

    For further confirmation, take a look at the following TurboTax help article:

     

    Do I need to amend?

     

    @taxpayer3737 

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