Unreported $0 Tax 1099-R

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  • This topic has 1 reply, 1 voice, and was last updated 3 years ago by IL888.
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  • May 2, 2021 at 5:03 pm #4486233
    IL888

      I just discovered that I had to report 1099-R for my pensions rollover to 401K even though there is $0.00 tax. Would IRS manually correct the careless $0.00 mistake as they have my 1099-R record or do I need to do an amendment? I fully anticipate a letter from IRS for further instructions but I wanted to see if anybody who had that rare situation happened to them and how the situation was resolved

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      • May 4, 2021 at 12:46 pm #4486398
        IL888

          I talked to IRS tax law department and they confirmed that I need to file an amendment after I receive my refund. Even though the rollover is tax free, I still need to submit a 1099-R in 1040X for information only. It doesn’t affect my refund.

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