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kaylier
New Member

Do I need to report my 1099-R form if the taxable amount is 0? I directly transferred $$ it to a new 401k & forgot to input the form while doing my taxes. Amend or not?

 
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1 Reply
PaulaM
Employee Tax Expert

Do I need to report my 1099-R form if the taxable amount is 0? I directly transferred $$ it to a new 401k & forgot to input the form while doing my taxes. Amend or not?

You should include the 1099-R form in your return because it was also sent to the IRS and they match up forms issued with forms filed with your return. However, the IRS is not accepting amended forms until February 11. The 2015 1040X form will not be ready until then. Wait until your return is fully processed before amending to add the 1099-R.  See Guidelines below 

  • If you have already e-filed, and the file was rejected, you can log in to your account and make changes to your return. Continue and resubmit the return.
  • If your e-filed return is in a pending status, you must wait until it is either accepted or rejected.
  • If your e-filed return is accepted, what until you receive any refund (if applicable) before filing an amended return.
  • If you need to file an amended return, do not make any changes in your return. The amended return has to begin with the return exactly as originally filed. 

See link below for amending instructions.

https://ttlc.intuit.com/replies/3288565

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