Amendment

[ghbadger]

I filed 2024 before I received 1099-R forms for IRA rollovers, so they have not been reported. TurboTax does not allow me to amend a return for this purpose. Do I not need to amend the returns? Can I simply report these on my 2025 return? What is the right way to handle this situation?

[AnnetteB6]

Direct institution to institution rollovers from one retirement account to another retirement account of the same type are not taxable and should not change your return bottom line at all when they are included.  An amended return is not necessary in this situation.  Keep the Form 1099-R with your tax documents in the unlikely event that the IRS contacts you about why the rollover was not reported.  

If you actually received the distribution in hand and deposited the funds into the other account, then you do need to amend your return to report this rollover.  Otherwise, it is not clear what was done with the money.

Do not include the 2024 Form 1099-R as part of your 2025 tax return.  

[fanfare]

If your 1099-R shows "G" in Box 7, you don't have to amend, your tax will not change.

IRS will figure it out.

@ghbadger