dmertz
Level 15

Retirement tax questions

This is not anything that Fidelity would correct.  It was your responsibility to make sure that no after-tax basis was rolled over to the 401(k) and roll each portion over separately.

 

You must file two substitute Forms 1099-R (Forms 4852) in place of the Form 1099-R that you received from Schwab.  One substitute form will have:

 

Box 1   = amount actually rolled over to the 401(k)

Box 2a = 0

Box 7   = Code G

IRA/SEP/SIMPLE box marked

 

The other will have:

 

Box 1   = amount rolled over to the Roth IRA

Box 2a = same as box 1

Box 2b Taxable amount not determined marked

Box 7   = Code 1 if you were under age 59½, code 7 if over age 59½

IRA/SEP/SIMPLE box marked