dmertz
Level 15

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..