Yes, it is okay. So what happens is this:
Once you enter the code G direct rollover, the program recognizes it as a rollover nontaxable event. The total amount of the rollover should be reported on your Form 1040 line 4a, as a nontaxable amount. Since this is a nontaxable amount, it shows zero amount or nothing on line 4b as the taxable number. You do not pay any taxes on it.
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