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Retirement tax questions
OK. The 1099-R instructions for G state (note that these are the instructions to the pension administrator, not you):
Use Code G for a direct rollover from a qualified plan, a section 403(b) plan, or a governmental section 457(b) plan to an eligible retirement plan (another qualified plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA). See Direct Rollovers , earlier. Also, use Code G for a direct payment from an IRA to an accepting employer plan, for IRRs that are direct rollovers, and to report designated Roth nonelective contributions and designated Roth matching contributions for the year in which the contributions are allocated.
Note that G is used only for direct rollovers (trustee to trustee without you being an intermediary), so when TurboTax and the IRS see this, they will realize that it is a tax-free event.
So, yes, you must enter it, but when you are done, look at your 1040 line 5b and make sure that the box 1 amount is not included.
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