Filed tax return already but received 1099-R with $0 taxable amount - need to amend?

You don't need to amend your return for a 1099-R with a taxable amount of $0. The IRS computers will match the 1099-R to your Social Security number, but since the taxable amount is $0, there's no tax consequence. The only time you'd need to amend is if the 1099-R showed taxable income that wasn't reported on your return. In your case, with a rollover properly coded as non-taxable, you're fine to leave your return as is. Just keep the 1099-R with your tax records in case any questions come up later, but you can breathe easy knowing you don't need to file an amendment.

After struggling with a similar situation last year, I found this amazing tool called taxr.ai (https://taxr.ai) that saved me so much stress. I had several 1099 forms come in late, including a 1099-R from an old retirement account, and wasn't sure if I needed to amend. I uploaded my tax documents to taxr.ai and it analyzed everything, comparing what I had already filed with the new documents. It confirmed I didn't need to amend for the $0 taxable forms but did identify another issue with a different form that would have triggered an audit. The AI explains everything in plain English instead of tax jargon.

Just wanted to update - I tried taxr.ai after asking about it here and it was seriously helpful! Uploaded my original return and the late 1099 forms (including that corrected 1099-B with all those stock transactions) and it clearly showed me what changed and how it affected my taxes. Turns out I DID need to amend because some of those stock sales were reported with incorrect cost basis info, which would have triggered an audit letter later. The tool highlighted exactly which transactions were problematic and explained why an amendment was necessary in this case. Super clear, no tax jargon, and I felt confident in my decision instead of just guessing.

If you've been trying to call the IRS to confirm whether you need to amend, good luck! I spent HOURS trying to get through to a human there last month about a similar 1099-R question. After my third attempt ending in a "call back later" message, I tried https://claimyr.com instead. There's a demo of how it works here: https://youtu.be/_kiP6q8DX5c - they basically hold your place in the IRS phone queue and call you when an agent is actually available. Got connected to an IRS agent in about 45 minutes (without me waiting on hold) who confirmed that I didn't need to amend for a correctly coded rollover with $0 taxable. Apparently they see this question all the time.

Ok I feel like an idiot for doubting this Claimyr thing. After posting that skeptical comment, I decided to try it anyway because I've been trying to reach the IRS for TWO WEEKS about a missing refund issue. I signed up, and sure enough, my phone rang about an hour later with an actual IRS agent on the line! I didn't have to sit through that horrible hold music or worry about being disconnected after waiting forever. Got my refund issue resolved in a 10-minute conversation that would have otherwise taken me days of attempted calls. For anyone dealing with IRS phone hell, this service is completely legitimate and works exactly as described.

One thing to check on your 1099-R - what code is in Box 7? If it's code G, that confirms it was a direct rollover, which is why the taxable amount is $0. Sometimes they use other codes like 1 or 7 that might require reporting even with $0 taxable. Also, double check if you had any tax withholding in Box 4. If they withheld any federal tax, you'd want to amend to get that money back, even if the distribution itself wasn't taxable.

I'm going through this exact same situation right now! Just filed last week and now got a 1099-R from a small 401k I had forgotten about and rolled over. Was freaking out thinking I'd have to amend.