Hi @SweetieJean!,
Yes, it says $0.00 but I think that is incorrect because the instructions say to leave it as 0 if all of the information is not known. The distribution code is G on the 1099R.
I've read over the 2021 instructions for the 1099R and it looks like the Distribution code (7) should be 2 G instead of just G.
***
Use Code 2 only if the participant has not reached age 591/2 and you know the
distribution is the following.
• A Roth IRA conversion (an IRA converted to a Roth IRA).
Use Code G for a direct rollover from a qualified plan, a section 403(b) plan, or a
governmental section 457(b) plan to an eligible retirement plan (another qualified
plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA). See
Direct Rollovers, earlier. Also, use Code G for a direct payment from an IRA to an
accepting employer plan, and for IRRs that are direct rollovers.
Note. Do not use Code G for a direct rollover from a designated Roth account to
a Roth IRA. Use Code H.
***
Looking over the instructions I think I should report the full roll over amount in 2a (Taxable amount) because the instructions say that the payer can leave it blank or 0 if they don't have all the info. I don't know why taxes have to be so complicated.
What's the risk of just reporting the full amount?
Okay, I'll double check the account type to make sure it wasn't a roth 401k but I'm sure it wasn't.
Thanks for the reply!
