Was the 401(k) a traditional 401(k) or a 401(k) Roth (designated Roth)?
A code "H" is for a 401(k) *Roth* (designated Roth) rollover to a Roth IRA which would not be taxable since the money was already after-tax money in the designated Roth.
A code "G" signifies a regular 401(k) direct rollover of before-tax money. If converted to a Roth IRA then unless there is an amount in box 5 of after-tax money, the distribution would be taxable.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
