“I recently withdrew money from my IRA account but forgot to include the income on my tax return. What should I do to correct this?”

If you have already e-filed your return, you will need to file an amended return to report this form 1099-R.

As you have recently filed, please wait to see if your return is accepted or rejected. If rejected, you may correct and resubmit. If it is accepted, you need to file an amended return.

If you are expecting a refund, we recommend that you wait to amend until after the IRS has processed your original return and you have received your refund.

To amend your tax return, please read this TurboTax article. 

Please note that the amendment form 1040X will only be available on TurboTax after 2/13/2025.