Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 1, 2019 9:25:27 AM

Should I file an amended return if I received a 1099-R for a rollover distribution (Distribution code G) with no tax consequence?

0 3 2663
1 Best answer
Expert Alumni
Jun 1, 2019 9:25:29 AM

Code G in box 7 of form 1099-R is for a direct rollover which is not taxable.

The IRS has a copy of your form 1099-R but will know from code G in box 7 that it is not taxable. You do not need to amend your tax return. Just keep that form 1099-R in your tax records for at least 3 years.

3 Replies
Expert Alumni
Jun 1, 2019 9:25:29 AM

Code G in box 7 of form 1099-R is for a direct rollover which is not taxable.

The IRS has a copy of your form 1099-R but will know from code G in box 7 that it is not taxable. You do not need to amend your tax return. Just keep that form 1099-R in your tax records for at least 3 years.

New Member
Jun 1, 2019 9:25:35 AM

Thank you. Unfortunately I used TurboTax to create an amended return before I asked the question. I efiled my Federal so I'll do nothing there and I'll only mail the original state. I cannot get the original Turbotax file to open. Is there anyway to return to the file before I amended?

Expert Alumni
Jun 1, 2019 9:25:36 AM

Please follow these instructions:
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/replies/4170678">https://ttlc.intuit.com/replies/4170678</a>