Forgot to add 1099-R info in 2020 Tax Return. Need to Amend?

Hi,

I have a 1099-R form that I forgot to file with my 2020 tax return, which my employer 401k traditional after-tax contributions were automatically converted to Roth 401k contributions. Box 2a (taxable amount) was $0.03 and box 4 was $0.00. Box 7 is G.

Do I need to amend my 2020 tax returns?

Thanks in advanced.

138

Expert Alumni

Mar 12, 2022 6:51:47 PM

No, the amounts are less than $1 and will only report as $.00. Additionally, the transaction Code is a G which means it is a rollover and is not taxable.

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Forgot to add 1099-R info in 2020 Tax Return. Need to Amend?