Line 4a mistake

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  • #5324
    wanttoknow
    Participant

    For 2018 I received three 1099-R forms: pension income, T-IRA distribution, and Roth IRA qualified distribution.

    On line 4a of the 1040 I mistakenly entered the pension income and T-IRA distribution, and omitted the Roth IRA qualified distribution.

    Is it advisable to file an amendment to correct this?

    Line 4b correctly included the pension income and T-IRA distribution

    #5328
    Alan S.
    Participant

    If your Roth 1099R is coded Q, the IRS should be able to figure this out all right by disregarding the Roth 1099R, and your 4a should then equal the non Roth 1099R amounts.

    The combining of prior lines 15 and 16 was not a good idea, and the IRS again separated these lines on the 2019 1040 to have IRAs reported separately from qualified plan distributions. IRS matching for 2018 will probably be compromised, but in most cases the IRS can probably figure it out.

    May be a little tougher for them if your Roth 1099R is coded T instead of Q. Some IRA custodians will not provide the Q code. Even with the T code, you could easily enough wait for the IRS to contact you since your tax liability is not affected. Or you could file the 1040X if you wanted to further reduce the chance of getting any IRS inquiry. But if it were me, I wouldn’t do the 1040X.

    #5330
    wanttoknow
    Participant

    Thanks, Alan.

    The Roth 1099 is coded Q.

    But what about the fact that I included my pension income and T-IRA distribution on line 4a? According to the instructions, I shouldn’t have.

    #5331
    Alan S.
    Participant

    Which year’s instructions are you looking at? In 2018, there was no line 4c or 4d, the Form 1040 design required that all deferred accounts be reported on 4a and 4b, so you had no choice. Then for 2019, the IRS realized that combining all these plans on a single line made it more difficult to track distributions, and in 2019 they again separated the lines in 4a,b,c, and d. You might be looking at the 2019 1040 Inst.

    #7229
    Lewis-H
    Participant

    The TT worksheet shows the detail, and the taxable amount is correct. I looked at the IRS instructions and could not determine if the gross amounts for these items should show on line 4a or not- just seems off particularly since the line description includes them

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