SamS1
Expert Alumni

Retirement tax questions

What's your coding in box 7?  It should be a G to signify its a rollover.  Was it a trustee to trustee rollover or did the funds come through you then into the IRA?  Normally, code G is used for:

 

(1) Direct rollover of a distribution from and to a qualified plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA;
(2) a direct payment from an IRA to an accepting employer plan;
(3) An In-Plan Roth Rollover (IRR) that is a direct rollover.

 

If its is coming out of a 457 plan into a traditional IRA, it would make sense the coding should be a G.