MinhT
Expert Alumni

Retirement tax questions

Code G is for a direct rollover which is not taxable. This form 1099-R has no impact on your tax return. The IRS has that form but from the code in box 7 would know that it is not taxable. I would advise that there no need for an amended return, Keep that form 1099-R in your tax records for at least 3 years.

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