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I filed 2022 Taxes,it got accepted by IRS & received refund. I noticed, I missed 1099-R(I transferred 401K),it has distribution but taxable amount is 0. What should I do?

Because I moved my 401K from my previous employer to new employer, that is why I received it. Please suggest what all are my options moving forward.
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2 Replies
pk
Level 15
Level 15

I filed 2022 Taxes,it got accepted by IRS & received refund. I noticed, I missed 1099-R(I transferred 401K),it has distribution but taxable amount is 0. What should I do?

@ankitbhatia01 , if the taxable amount on your 1099-R is zero, then there is no change to your AGI.  My suggestion would be to leave it alone, keep your records and wait.  If the IRS  AUR flags this as  un-reported income, it generally will be looked by human and will show zero taxable  and there is the end to it. If however, AUR  issues a CP2000 or similar notice  ( under reported income ) then respond and tell IRS why  you did not report -- there is no taxable income ( or 1099-R  had code G ). 

 

Namaste ji

pk

 

I filed 2022 Taxes,it got accepted by IRS & received refund. I noticed, I missed 1099-R(I transferred 401K),it has distribution but taxable amount is 0. What should I do?

Thank you for your response. I will not take any action and keep the document for my records.

 

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