I moved my 401K(s) to an IRA last year and filed before I received the 1099-R. It shows the Gross amount and no taxable income. Do I have any need to amend my return?

ezmason · ‎June 5, 2019

MinhT · ‎June 5, 2019

The rollover from your 401(k) to your IRA is not taxable.

If it was a direct rollover (aka as a trustee-to-trustee rollover) there is no real need to amend your return. However the IRS has a copy of your form 1099-R. But it is unlikely that they will contact you when they see that the code in box 7 of form 1099-R is for a direct rollover. That code should be G.

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View solution in original post

MinhT · ‎June 5, 2019

The rollover from your 401(k) to your IRA is not taxable.

If it was a direct rollover (aka as a trustee-to-trustee rollover) there is no real need to amend your return. However the IRS has a copy of your form 1099-R. But it is unlikely that they will contact you when they see that the code in box 7 of form 1099-R is for a direct rollover. That code should be G.

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

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I moved my 401K(s) to an IRA last year and filed before I received the 1099-R. It shows the Gross amount and no taxable income. Do I have any need to amend my return?