I had pre-tax funds ($22,185.74) in my traditional 401k that I transferred to a traditional IRA and then to a solo 401k. For some reason, tax software put $22,186 in both field 4a and field 5a.
1099-R forms are near identical.
For trad 401k to trad IRA it looks like:
1 Gross distribution: $22,185.74
Total distribution: X
7 Distribution Code: G
All other filed are empty
And for trad IRA to Solo 401k 1099-R looks like:
1 Gross distribution: $22,185.74
Total distribution: X
7 Distribution Code: G
IRA/SEP/SIMPLE: X
All other filed are empty
Did tax software put those rollovers in the correct places? I thought Box 5a of Form 1040 reports the taxable amount of your distributions but in my case those funds are pre tax.
