I received a 1099r with a code in box 7 as a G. do i have to file an amendment if i forgot to include it when i filed my taxes??

[hardworker2]

I withdrew some money from my 401k and rolled it into an IRA.  No additional tax is due in 2017.  Do I have to file an amended return?

[MichaelDC · Accepted solution]

No. An amendment is not necessary. Code G in box 7 of form 1099-R is for a direct rollover which is not taxable.

The IRS has a copy of your form 1099-R but will know from code G in box 7 that it is not taxable. You do not need to amend your tax return. Just keep that form 1099-R in your tax records for at least 3 years.