Recieved corrected 1099R after I already filed. Box 7 change.

[macdaddy100111]

Hi I received a corrected 1099R for my mothers taxes after i already filed..the only change was to box 7.  The original 1099R had box 7 as code 7......the corrected form changed it to code 4 (death- my father had passed). When I made the change to the turbotax federal return,  the amount owed was constant (no change)...do i still need to amend? Also would this affect PA state taxes in anyway?

[DavidD66]

I would not file an amended return.  I would to see if the IRS takes any action, which I doubt they will since it does not change the amount of tax.  For Pennsylvania, if the distribution was considered taxable income for PA due to reporting with code 7 (if you were under age 59 1/2 it would be) it would not be taxable with code 4.  For more information, see the following from the PA Institute of Certified Public Accountants Taxes on Retirement Income: Pa. Treatment of 1099-R Distributions

[fanfare]

In your case, the two codes gave ths same result on your tax return. That's all that matters.

the corrected 1099-R can be ignored.

@macdaddy100111