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February 25, 2024
Question

1099R no taxable amount, amend return?

  • February 25, 2024
  • 1 reply
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I filed my tax return for 2023 and got a 1099R later. These were direct rollovers to a new employer sponsored 401K provider. Both show no taxable amount in box 2a. In box 7, one has code G and the other has BG. Do I need to amend my 2023 return?

    1 reply

    February 25, 2024

    Since there is no change in your taxes, it probably is not even possible to e-file an amended return. If you get a notice from the IRS since you'll owe no additional taxes for these rollovers, I would respond at that time.