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Retirement tax questions
No you do not need to amend. Direct rollovers reported with code G in box 7 can be either nontaxable or taxable depending on the type of account that receives the rollover. Assuming the destination IRA is a traditional IRA, then there is nothing to amend.
Keep the 1099-R for your records.
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‎February 17, 2025
1:47 PM