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-   -   I forgot to mention my 1099-R (401K rollover) (https://www.askmehelpdesk.com/showthread.php?t=848079)

  • Apr 15, 2021, 02:56 PM
    imadthegreat
    I forgot to mention my 1099-R (401K rollover)
    I filed my tax and forgot to report 1099-R. This is a simple rollover. Distribution code in box 7 is G. It was a transfer from Fidelity to Vanguard. I never took a single penny for myself.

    I also forgot to mention $250 in income that I received from a small consulting gig. they never sent me anything and I totally forgot about it.

    I filed my tax return using TurboTax on February 13th and it is still processing. Do I wait until IRS reaches out to me with my mistake or do I file an amended return?
  • Apr 15, 2021, 10:45 PM
    AtlantaTaxExpert
    You should file an amendment to identify the $250 in consulting income on Schedule C.

    While doing this amendment, identify the rollover.

    If you want professional help to amend, contact me at [email protected]

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