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1099-R and Form 5498
I received a 1099-R for a $ 50,000 distribution for my traditional 401K that I repaid to the same 401K a week later. The 1099-R has the distribution in Box 2a $50,000 and Box 7 Code 1 Early Distribution. I called the company and the are planning an filing form 5498 but I am not sure how to consolidate my contribution. Do I just change Box 7 to Code G Direct Rollover?
‎February 6, 2020
9:39 AM