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Retirement tax questions
Unless the Form 1099-R is erroneous, the code 4G Form 1099-R indicates that you did not inherit a Roth IRA. It indicates that the distribution that you rolled over to a Roth IRA was a distribution from a traditional account in the qualified retirement plan, not from any kind of Roth account. Such a rollover is generally taxable. The taxable amount will be shown in box 2a and any nontaxable amount will be shown in box 5.
‎June 1, 2019
12:26 PM