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1099 R after tax was filed

Hello:

 

  Appreciate help on the situation: I have already filed my taxes then I received 1099 R with 0 taxable income, what should I do in this situation where it does not affect my tax return? Should I amend the already-filed tax returns or just leave it alone? Thank you so much!

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3 Replies

1099 R after tax was filed

Did you click that big orange button that said “Transmit my return now?”  If you did that, you cannot do anything to fix it yet.  You have to wait for the email that tells you if your return was accepted or rejected.

 

You cannot change or add anything on the return that you just e-filed, nor can you stop it.  It is too late, just like when you put an envelope in a US mailbox on the corner.  The IRS does not allow you to take it back.

 

If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.”  The changes will go nowhere.

 

Now you have to wait until the IRS either rejects or accepts your return.  If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return. 

 

 If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund.  THEN you can prepare an amended tax return and e-file or mail  it in. You have to be able to work from that return exactly the way it was when it was e-filed originally.  You will need to use a form called a 1040X.

 

  Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself.  Sit tight and wait until you see what the IRS does with the return you just e-filed

 

The Form 1040X you might need becomes available in late February,  But wait until your return has been processed.

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

1099 R after tax was filed

Thank you! I wonder do I need to make a change when it won't affect my tax return amount? 

MinhT1
Expert Alumni

1099 R after tax was filed

Yes, because the IRS has a copy of your form 1099-R, and you may get a letter in a few months (or even longer) asking you about that form 1099-R.

 

But, no hurry! If you are expecting a refund, wait until after you have received your return to amend your return.

 

To amend your tax return, please read the instructions in this TurboTax FAQ.

 

Please note that the amendment form 1040X will only be available on TurboTax after 2/14/2024.

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