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Get your taxes done using TurboTax
If your 1099-R has a Code G in Box 7, it is reporting a non-taxable rollover.
You are correct; in your case it is just 'reporting' since the IRS has a copy of the 1099-R.
In a 'trustee to trustee' rollover, sometimes a 1099-R is not issued, but usually it is, so we're just following the reporting requirement.
Here's more info on Reporting Non-Taxable Rollovers.
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‎February 25, 2022
5:17 PM