Yes, you should do an amendment to report your rollover because you received a 1099-R.
As long you rolled over the full amount to a traditional IRA, the distribution shouldn't be taxable, but if it doesn't appear on your tax return, you will get an IRS letter.
To amend your return in TurboTax online:
- Sign in to TurboTax using the same account you used to file your taxes.
- On the home screen, scroll down to Your tax returns & documents and select 2022.
- Select Amend (change) return, then Amend using TurboTax Online.
- On the screen OK, let's get a kickstart on your amended return, select the reason(s) you're amending and Continue.
- When you reach
- , select the topic you need to change.
- Once you have added your 1099-R, you will need to watch for the screen titled, "What did you do with the money from (your broker's name)?" Pick the first answer, "I moved the money to another retirement account."
Pick the first answer to the next question, "I rolled over all of this money to an IRA or other retirement account."
- Follow the steps to complete and file your amended return.
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