Hi, the company I work for got bought by another and I had to rollover my current 401K into the new employers. For this I got two 1099-R forms. I'm thinking one is for my 401K and one is for my 401K Roth because I'd split it into two. On the first form the Box 7 Distribution code is G. On the second on the Box 7 is BG.
My question is what do I enter for this part?
Did you move this money from a 401(k) to a Roth 401(k)?
Yes, I moved the money to a Roth 401(k), Roth 403(b), or a 457(b) plan
To be clear, my 401K money will go to a 401K account and my 401K Roth money will be going to a 401K Roth part of the account.
Secondly, what do I put here?
Where is your distribution from?
Select the source of this distribution and enter any other New York information. Learn more Retirement distributions from:
- US Government (including military)
- New York State and City Education
- Certain public authorities
- NYC Variable Supplemental Funds (VSF)
- Certain annuity funds
- Other Pensions of New York State and Local Governments
Retirement distributions from:
- New York State and City Education (optional retirement program)
- IRA rolled over from a former government pension
Not eligible for exclusion for those over age 59 1/2
None of the above (select for deferred compensation 457 plans)
Thank you for your help!
