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Get your taxes done using TurboTax
Yes, this was not handled correctly. You should have received a 1099R reporting $8000 as the amount in Box 1. Federal income Tax in box 4 and a distribution code "G" in Box 7.
As it stands now, only $6400 has been rolled into your Roth account. A second 1099R is issued that is subject to a early withdrawal penalty. In addition, it may have been reported as taxable income on your return. You do need a 1099R to correct this mistake because this makes a huge difference in your return.
[Edited 03/26/24|4:15 pm PST]
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March 26, 2024
1:44 PM