A code 4G would indicate an inherited employer plan such as a 401(k) that was rolled into an inherited IRA. If the IRA/SEP/SIMPLE box checked then that would be an improper 1099-R. A Traditional IRA can never have a code 4G. The IRA box and code 4G are not comparable.
Since you mentioned an annuity then unless it was a qualified annuity held within an IRA it could not be t to in IRA. In any event an inherited IRA can only be trustee-to-trustee transferred to a benificuary IRA held in the deceased name with you as beneficiary.
RMD's on annuities held within IRA can be very difficult to calculate (if that is what it is) but that is not clear.
User @dmertz any suggestions?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
