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pspray
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Can I fix a reported IRA amount that was a normal distribution and not a rollover?

The $11,435 was reported as a rollover and it is not, it is a normal distribution.  Can I fix this through an amendment?
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4 Replies

Can I fix a reported IRA amount that was a normal distribution and not a rollover?

Was (1) the distribution code on the original 1099-R incorrect, or (2) did you tell the TT program it was a rollover when it wasn't?

Can I fix a reported IRA amount that was a normal distribution and not a rollover?

@pspray - and can you please 1) post the code in Box 7 of Form 1099-R and 2) what code you entered into TT for Box 7.  (it may be the same, but would add to helping you if it turns out they are different)

Can I fix a reported IRA amount that was a normal distribution and not a rollover?

@pspray 

Use form 1040-X to add or change information on an already filed tax return.

Your income will rise and you will owe tax on that distribution.

Can I fix a reported IRA amount that was a normal distribution and not a rollover?

Did you receive a corrected Form 1099-R?

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