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DanaB27
Expert Alumni

I received a 1099-R. But didn’t withdrawal anything from my 401k

Please follow these steps to enter the Form 1099-R and rollover:

 

  1. Click on "Search" on the top right and type “1099-R”
  2. Click on “Jump to 1099-R” and enter your 1099-R
  3. Continue "Tell us if you moved the money through a rollover or conversion" and select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
  4. Continue answering the questions.

 

 

Please be aware, if you have code G in box 7 then the question will look a little different:

  1. On the "Did you move this money from a 401(k) to a Roth 401(k)?" screen answer "No"
  2. On the "Did you move the money to a Roth IRA?" screen answer "No"

 

@SaraLott

 

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I received a 1099-R. But didn’t withdrawal anything from my 401k

I received a 1099-R for a distribution that was canceled. The money was redeposited back into my employer 401k within the 61 day window. How do I amend since I have already filed 2022 taxes, and what documentation do I need to prove the money was put back?

JosephS1
Expert Alumni

I received a 1099-R. But didn’t withdrawal anything from my 401k

As you have already filed, you will have to amend it when the Federal Return is finalized and you receive your refund if that is what you filed for.  When amending returns via TurboTax begins, and currently, the first date you can file an amended return is February 23, enter the data for the 1099-R and when the rollover question appears say yes.  You should also scan a copy of the proof of rollover within the 60 days limit to prevent a penalty for early withdrawal.  This can be accomplished by requesting a current copy of the statement from the Fiduciary managing the retirement account.

 

Be prepared for a notice from the IRS regarding this item at some point.  If you did roll over the entire amount within the 60 days there should not be an issue with the IRS.  Just be prepared to submit proof with the notice should it come to that.

 

@bretta1960 

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I received a 1099-R. But didn’t withdrawal anything from my 401k

Thanks, I do have the documentation I downloaded from Transamerica.

I received a 1099-R. But didn’t withdrawal anything from my 401k

You can amend when the form becomes available. There is a place within the 1099-R screens that you can indicate that your rolled back into the account within 60 days. 

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