Solved: I received a 1099-R form for a rollover only after I had finished my taxes. I added it to amend and there are no changes for owe or refund. Do I have to really amend it?
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I received a 1099-R form for a rollover only after I had finished my taxes. I added it to amend and there are no changes for owe or refund. Do I have to really amend it?

 
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Level 6

I received a 1099-R form for a rollover only after I had finished my taxes. I added it to amend and there are no changes for owe or refund. Do I have to really amend it?

If your form 1099-R is for a direct rollover (code G in box 7), there is no real need to amend your return. The rollover is not taxable.

The IRS has a copy of your form 1099-R but will know from the code in box 7 that it is a non-taxable rollover. Just keep that form 1099-R in your tax records for at least 3 years.

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Level 6

I received a 1099-R form for a rollover only after I had finished my taxes. I added it to amend and there are no changes for owe or refund. Do I have to really amend it?

If your form 1099-R is for a direct rollover (code G in box 7), there is no real need to amend your return. The rollover is not taxable.

The IRS has a copy of your form 1099-R but will know from the code in box 7 that it is a non-taxable rollover. Just keep that form 1099-R in your tax records for at least 3 years.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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