Didn't report 1099-R from 2020... what should I do now in 2024?

I was going through some old financial papers and found that I took out $7K during COVID under the CARES Act in 2020, but I don’t think I ever filed or reported the 1099-R from that year. I can’t find any record of it. What do I do now?

*It was from my 401k.

Did you file your 2020 taxes?

If yes, check to see if you included Form 8915-E with your return. Distributions related to COVID under the CARES Act were typically spread over 2020, 2021, and 2022 unless you chose to pay it all in 2020. Form 8915-E is what handles that.

If you don’t see Form 8915-E, take a look at Form 1040, lines 4a and 4b (IRA distributions).

If you’re unsure whether you filed a 2020 return, log in to your IRS account and check your tax transcripts: https://www.irs.gov/payments/online-account-for-individuals.

If you didn’t file or left out the 1099-R, you may need to file an amended return. How much other income you had that year will affect how you should proceed.

@Darin
I filed for 2020 through 2023, and everything seemed fine. But I don’t remember filling out Form 8915-E.

Devin said:
@Darin
I filed for 2020 through 2023, and everything seemed fine. But I don’t remember filling out Form 8915-E.

Check your 2020 tax return to be sure.

Darin said:

Devin said:
@Darin
I filed for 2020 through 2023, and everything seemed fine. But I don’t remember filling out Form 8915-E.

Check your 2020 tax return to be sure.

I see the return transcript, but no Form 8915-E.

@Kim
Look at Form 1040, lines 4a and 4b. Any IRA distributions there?

Darin said:

Devin said:
@Darin
I filed for 2020 through 2023, and everything seemed fine. But I don’t remember filling out Form 8915-E.

Check your 2020 tax return to be sure.

Nope, nothing on lines 4a or 4b.

@Kim
What year does your 1099-R show? You’ll need to file an amended return for that year.

Darin said:
@Kim
What year does your 1099-R show? You’ll need to file an amended return for that year.

It’s from 2020. I can also see it on my IRS wage and income transcript for 2020.

@Kim
But my original return was accepted without any issues.

Kim said:
@Kim
But my original return was accepted without any issues.

Just because it was accepted doesn’t mean it was correct. It only means that basic details matched. If you didn’t include your 401k distribution from the 1099-R, you should amend your 2020 return to include it.

@Darin
Can I file the amendment myself, or should I hire a tax professional?