JGrab1e
New Member

Form 1099-R

I received a 1099-R with code 'G' in box 7.  There are no other entries on that form.  These funds went directly from a Schwab 401(k) to a Hancock 401(k) with no stops in between; certainly not by me.  After entering the required information into TurboTax, which seems to be more IRA than 401(k), my income was increased by the amount in box 1.  I was never in receipt of this money.  It's not income.  Why is it being reported as such.