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Frogot to report 401k rollover to traditional IRA in 2016 - Impact and how to remediate
Good evening,
I noticed only now that I did not report the 2016 rollover of my 401k in my traditional IRA account in my 2016 tax return. Obviously, there was no tax impact in 2016 anyway, but I am worried how this may impact my withdrawls once I am in retirement age.
Can anybody advise what impacts I have to expect if I do not take any action?
As to possible actions: am I still able to file an amended 1040-X for 2016? If not, do I have any other options?
Thank you very much!
Cheers,
Max
‎February 7, 2023
8:04 PM