Thank you for your assistance: your answers are very helpful.
I checked with my 403b company and found three 1099-R’s:
- Box 7, code G: $17.5K
- Box 7, code 1B: $350 (box 5)
- Box 7, code H: $3.5K
My Roth IRA custodian also has one 1099-R:
- Box 7, code 2, with IRA/SEP/SIMPLE box checked: $17.5K
I have placed them in TurboTax (TT) with a few questions/updates:
- For code G, TT asks “Was this Money Rolled Over to a Roth IRA?” Since this was first transferred to a traditional IRA then ultimately to a Roth IRA, should I select “Yes, this money was rolled over to a Roth IRA account”?
- For code H, this wasn’t “a distribution from a designated Roth account to a Roth IRA” (from the IRS Instruction form) but was a direct transfer from the 403b to the Roth IRA. Does this need to be fixed through my 403b company or am I misunderstanding something about the definition of the code?
- I’m not quite sure what the code 1B is about. I will discuss with my fiduciary.
