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Retirement tax questions
You are correct, code H is required for the rollover from the Roth 401(k) to the Roth IRA.
Code BG is only to be used for a rollover from a Roth 401(k) to another Roth 401(k).
The instructions for Form 1099-R explicitly state:
Note. Do not use Code G for a direct rollover from a designated Roth account to a Roth IRA. Use Code H.
and:
Use Code B for a distribution from a designated Roth account. But use Code E for a section 415 distribution under EPCRS (see Code E) or Code H for a direct rollover to a Roth IRA.
March 18, 2024
2:12 PM