No, I don't think that that can be right.
I'm still at a loss to understand what was rolled over if what was rolled over wasn't any of the employer shares.
Can you elaborate on the value of the employer shares were distributed and deposited into a nonqualified brokerage account, along with their cost basis, and the value of whatever else was rolled over to a qualified retirement account like an IRA? You can use hypothetical values. I'm still trying to understand what transactions actually took place. Were all of the employer shares put into a qualified retirement account rather than a nonqualified brokerage account?
Since you haven't mentioned any amount box 4 or box 5, II assume that there is nothing in those boxed of the original Form 1099-R.
It seems like the hypothetical original Form 1099-R is be reporting only the distribution of the employer shares unless there is a tiny amount of something else that was distributed in-kind because I would expect the amount in box 2a to be the sum of the cost basis of the employer shares plus the value of whatever else was distributed. Is there another Form 1099-R, perhaps with code G, that reports whatever was rolled over to another qualified retirement account like an IRA? (Or, when you said that something was rolled over, were you misusing the term "rollover" and there was, in fact, nothing rolled over to a qualified retirement account?)
