turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Amending my return

I filed my tax return for last year and shortly after doing so, I received a 1099-R for transferring my 401k into a Rollover IRA. The 1099-R has a gross distribution amount listed and a taxable amount of $0 (also, box 7 is G). I attempted to amend my return and was told nothing changed and, therefore, an amendment is not needed. My question is do I need to amend my return, and if so where are these numbers supposed to go on the 1040-X?

Thank you for your help!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
PaulaM
Employee Tax Expert

Amending my return

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Amending my return

Amazing, thank you so much! Yes it was rolled over to a Traditional IRA.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question