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krishk24
Returning Member

Roth in place conversion and failure to report the 1099-R

I recently started doing Roth in place conversion using my work place 401k account. I performed automatic Roth in place conversion after contributing after tax money into my 401k. Then periodically I rolled over the money from Roth 401k to Roth IRA. So I received 2 1099-R forms (one with code G and one with code H) which I did not report in my taxes - both have taxable amount as "0".

In addition I received another 1099-R form when I rolled over my old 401k account from my previous employer to my current one. I did not report this either- again $0 taxable income

 

will I potentially get audited for failing to report 1099-R forms even though the taxable income is $0. Should I file an amended tax return ? I have never been audited in my tax paying years in the US. Pls advise next course of action. 

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2 Replies
AnnetteB6
Employee Tax Expert

Roth in place conversion and failure to report the 1099-R

It is best to include all Form 1099-R as part of your tax return even if the taxable amount is zero.  The total distribution amount is still reported on Form 1040 line 5a.  

 

However, you should not file an amended return just to include those distributions as nothing will fundamentally change.  If you find that you are amending for another reason, then go ahead and include these Form 1099-R as well.  

 

See the following TurboTax help article to learn more:

 

Do I need to amend my return?
 

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krishk24
Returning Member

Roth in place conversion and failure to report the 1099-R

The link does say the following with "what can I fix with an amended return" - see bold text below. It looks like you are suggesting that since taxable income is $0, IRS may not care about not filing the missed 1099-R forms.

 

Add a tax form you omitted or received after filing (most commonly a W-2 or 1099)

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