- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
You should contact your IRA custodian for a corrected Form 1099-R. The distribution code should have been a 1, 2, or 7 instead of a G.
Even though you know what the distribution code should have been, you should not change it without trying to get it changed through the financial institution.
You are not responsible for any early distribution penalty since it was a conversion of a Traditional IRA to a Roth IRA and not a distribution.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 26, 2022
2:55 PM