topic Re: Form 1099R in Retirement tax questions

Form 1099R

SJ38 — Sat, 24 Apr 2021 21:24:37 GMT

Hi support,

I received the money in 2020 from the former employer's pension plan, and I deposited all money into a 401K rollover account. Do I need to file 2020 year income tax?

Re: Form 1099R

macuser_22 — Sat, 24 Apr 2021 21:30:00 GMT

Yes. All 1099-R's must be entered. Failure to enter can cause the IRS to assume the rollover was not completed and you kept them money so they will bill you for tax on the entire amount.

Re: Form 1099R

SJ38 — Sun, 25 Apr 2021 23:37:27 GMT

Thank you.