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I'm about to file my 2023 taxes and noticed that I have a couple of 1099-R forms for 2022. I think these arrived in the past few weeks along with my other tax return documents, but I'm confused. Do I need to file these on my 2023 tax return, or amend my 2022 tax return with the info in the forms. One of them is a rollover and the other shows a distribution (code IM).
I'm about to file my 2023 taxes and noticed that I have a couple of 1099-R forms for 2022. I think these arrived in the past few weeks along with my other tax return documents, but I'm confused. Do I need to file these on my 2023 tax return, or amend my 2022 tax return with the info in the forms. One of them is a rollover and the other shows a distribution (code IM).
But they may have used the wrong form. What year did you do the transaction? If you are not sure you should be able to look up monthly statements on the internet. If the transactions were 2023 then you need to file the transactions even if the forms are wrong. If the forms are wrong I would attache a statement to the return explaining what happened. I would also ask the vendor to correct the forms.
But they may have used the wrong form. What year did you do the transaction? If you are not sure you should be able to look up monthly statements on the internet. If the transactions were 2023 then you need to file the transactions even if the forms are wrong. If the forms are wrong I would attache a statement to the return explaining what happened. I would also ask the vendor to correct the forms.
This ^^^^ . Clarify with the vendor which year the transactions actually took place in. Then file accordingly.
Thanks everyone for the responses. These are my husband's accounts so I'll ask him to go online and check. I didn't consider that the wrong forms might have been used but anything is possible.
Thanks everyone for the responses. These are my husband's accounts so I'll ask him to go online and check. I didn't consider that the wrong forms might have been used but anything is possible.
It is possible that the vendor sent you some sort of corrected 1099 in a year following the year the transaction originally took place in. A call to them will hopefully clear things up. You'd need to file an amended return for the tax year you reported the incorrect 1099 income (if you reported it at all). While a PITA, not insurmountable.
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