- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I think there is some confusion here. A 1099-R code G if the box 1 amount is also in box 2a is NOT a 401(k) Roth to Roth IRA rollover. It is a Traditional 401(k) to a Roth IRA *conversion* that is fully taxable.
A 401(k) Roth (Designated Roth) to Roth IRA rollover would have a code H in box 7 and a zero in box 2a.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎April 10, 2021
4:10 PM