@melissaforpeace315 wrote:
@macuser_22 In my case where taxable amount is $0 (on the 1099-R) for a Direct Rollover from my old 401k to my new 401k, do you think there will be a penalty? I thought penalties were only if people under report? I don't think I under reported....I honestly just forgot that I had this 1099-R to add in my tax return. I wasn't trying to trick the government
No. There is no penalty or tax whatsoever.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
