I moved jobs and rolled over my old 401k plan to my new employers plan.
My old plan had a traditional pre-tax 401k and Roth 401k. When I rolled over they split the distribution checks into one for pre-tax and one for Roth. They both went into a Roth 401k at my new employer I have two 1099-R forms from my old 401k administrator that reflect this.
Should I be taxed on the traditional pre-tax 401k amounts distributed into the new Roth 401k? And should this be reflected on the traditional pre-tax 1099-R?
Here are my 1099-R numbers (I used example values for the gross amounts)
Traditional Pre-tax 1099-R:
Gross distribution: $30000
Total distribution: yes
Taxable amount: $0
Distribution Code(s): G
Roth distribution 1099-R:
Gross distribution: $40,000
Employee/Roth contributions: $40,500
Total distribution: yes
Taxable amount: $0
Distribution Code(s): GB
