Trabia78
Returning Member

Retirement tax questions

Hi:  Your response is not correct.  The IRS has ruled in two areas this year:  1.  On March 27, 2021, the IRS ruled that due to the pandemic an RMD is not required for 2020.  2.  And the IRS ruled that an individual has 60-days within which to roll over a 401K into an IRA.  We rolled our 401K minus taxes withheld by Fidelity 7 days after we took out the money from our 401K Plan.  So I believe that letter "G" + checking the IRA box in the 1099-R is the correct entry.  But Fidelity (a horrible brokerage firm) refuses to provide us with a Corrected 1099-R.  What do you think?  Best regards.  Donna