Forgot to add my 1099! please help :)

So given that I completed a rollover (in 2020) from my old 401k custodian to my new 401k custodian, and forgot to input the 1099 from the old 401k custodian to my 2020 taxes, do I HAVE to file an amended tax return?

What if I don't? Will the IRS come get me?

Can I just not file an amended tax return and wait for the CP2000 to arrive and that's when I can send them my new 401k custodian's statement that says that I've indeed rolled it over?

posted

In a trustee-to-trustee transfer, funds are directly transferred from one trustee to another without ever being distributed to the participant. Because the participant never has possession of the funds, the 60-day rollover period and the 1-year waiting period rule do not apply. A trustee-to-trustee transfer from one IRA to another should not be reported on a 1099-R.

[Edited 2/13/2021 | 7:20PM PST]

@melissaforpeace315

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