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Retirement tax questions
Nothing about a rollover from a Roth 401(k) is reportable on a code G form 1099-R. A direct rollover from a Roth 401(k) to a Roth IRA is reportable on a separate Form 1099-R with code H.
This Form 1099-R is apparently reporting a rollover of an after-tax sub-account in a traditional 401(k) account, not a rollover from a Roth 401(k) account and is reporting that the entire amount was rolled over to a Roth IRA. My previous reply applies. However, if the amount in box 2a plus the amount in box 5 does not equal the amount in box 1, the Form 1099-R is bogus.
March 1, 2021
10:36 AM