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Retirement tax questions
As I said, the code G Form 1099-R appears to imply that the account at the first company was a plan like a 401(k) and not an IRA. Please confirm that the code-G Form 1099-R does not have the IRA/SEP/SIMPLE box marked.
Assuming that to be the case, the transfer did not go entirely properly because the first company thought the money was going to a traditional IRA but the funds actually apparently went to a Roth IRA. That's why you are having a bit of a complication reporting this as taxable..
‎February 10, 2023
7:21 PM