@htjones wrote:
Yes, box 7 is coded G.
The check was sent directly to my new broker.
If the 1099R was sent wrong, how should I handle this with my tax return?
If the check was made out properly then your broker should have deposited it into a Traditional IRA and not a Roth. I doubt that the 401(k) plan will issue a corrected 1099-R, but the rules say you must ask them.
Assuming that they refuse to issue a corrected 1099-R then you use a substitute 1099-R instead (there is an option for a substitute on the IRA type screen).
Enter everything the same as your 1099-R but make box 2a the same as box 1. Answer NO to the rollover to a 401(k) and YES to the rollover to a Roth IRA question. Enter explanation statement that the rollover went to a Roth and not a Traditional IRA and the 401(k) plan refused to re-issue the 1099-R.
**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.**
