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Retirement tax questions
So, your saying the IRS won't recognize the code G box 7 or that $0.00 taxable income is entered into box 2a. I saw another response from a Turbo Tax user that said the IRS would see the G. I mention this only because I filed my return and received my refund and then my company sent me a 1099-R for a rollover to a qualified plan (403b) (code G). Now I need to decide whether to amend. I filled out the amendment details in Turbo Tax and found there was no change to my tax liability. One expert says amend to report this; another says it is not necessary practically speaking--the IRS will know what the codes mean. So who should I listen to?
‎June 5, 2019
10:25 PM