AnnetteB6
Expert Alumni

Get your taxes done using TurboTax

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.  

 

 

 

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