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March 4, 2021
Question

Should I amend my taxes filing if I forgot a 1099-R but taxable amount is $0, a normal distribution?

  • March 4, 2021
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1 reply

JohnB5677
March 4, 2021

It is always best to have all of your information on your tax return, even if there is no apparent tax consequence.  However, a non taxable pension may affect your taxability on Social Security.

 

If you do not file an amendment you may get a tax notice describing the effects of any change.  This may take 6-9 months.

 

You could then review the change and make any adjustments necessary.

Please understand that a tax notice does not put you on a black list.  This is a technical situation that happens frequently.  It is not a criminal offense.

 

Or, you can prepare an amended return and see if there is any change before you mail it.

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Employee
March 4, 2021

Does Box 2a on the 1099-R actually have a zero in it, or is it blank or says "unknown."