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Retirement tax questions
You cannot report the 2022 rollover in 2023. On your 2023 tax return, report your rollover by entering your 1099-R for completeness.
For 2022, an amendment is not necessary. Code G in box 7 of form 1099-R is for a direct rollover which is not taxable.
The IRS has a copy of your form 2022 1099-R but will know from code G in box 7 that it is not taxable. You do not need to amend your tax return. Just keep that form 1099-R in your tax records for at least 3 years.
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‎February 27, 2024
12:06 PM
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