Amended return forgotten direct rollover with no tax liability change

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terran
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Joined: Sat Jan 10, 2015 10:50 pm

Amended return forgotten direct rollover with no tax liability change

Post by terran » Thu Apr 05, 2018 10:22 pm

Thanks to another thread I realized it didn't occur to me to account for the direct trustee-to-trustee transfer my wife made of her 403(b) from her old employer's plan to her new employer's plan in 2017. I just checked at her old record keeper''s website and there are indeed a couple of 1099R's sitting there (one for the employee contributions, the other for employer contributions). Both show the amount transferred in box 1, $0 taxable in box 2, and code G in box 7 as they should, so there is no change in tax liability because of this. The amounts are somewhat substantial, but since this was a transfer from one 403(b) to another none of it is taxable.

Should I be filing an amended return to reflect my mistake despite no change in our tax liability? If so, looking at form 1040X I see that there's no equivalent to form 1040 line 16a (where it's my understanding I should have entered this), so everything in columns A and C (original and correct amount) will be the same, and Column B (net change) will be 0, so I suppose the only purpose of filing the 1040X would be so I could include a statement in part III? Is there anything else I should be filing with this? The 1099R's I suppose?

Thanks!

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