Tonges7
New Member

Code G on1099-R Error

Hello,

This is a code G (the funds were rolled over into my IRA) for gross distribution $9,525.18 with a taxable amount of $8,930.61. Why does Turbo Tax show I owe $220.00 in federal taxes when I did not receive the funds.  I rolled out the money from my 401K plan to an IRA plan. Please advise.  Thank you