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New Member
posted Mar 4, 2021 5:41:23 AM

Should I amend my taxes filing if I forgot a 1099-R but taxable amount is $0, a normal distribution?

0 2 614
2 Replies
Expert Alumni
Mar 4, 2021 6:46:54 AM

It is always best to have all of your information on your tax return, even if there is no apparent tax consequence.  However, a non taxable pension may affect your taxability on Social Security.

 

If you do not file an amendment you may get a tax notice describing the effects of any change.  This may take 6-9 months.

 

You could then review the change and make any adjustments necessary.

Please understand that a tax notice does not put you on a black list.  This is a technical situation that happens frequently.  It is not a criminal offense.

 

Or, you can prepare an amended return and see if there is any change before you mail it.

Level 15
Mar 4, 2021 6:58:58 AM

Does Box 2a on the 1099-R actually have a zero in it, or is it blank or says "unknown."