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Form 1099-R Gross Distribution But Taxable amount shows 0
We had an employer sponsored Traditional IRA direct rolled over to our Roth IRA. The Traditional IRA was with Company N. The 2022 Form 1099-R from company N showed the Gross Distribution amount of $##,###.## but the Taxable amount in box 2a shows $0.00. We want to not be taxed when we eventually cash out our Roth IRA. Do we need to calculate and pay the tax for the Gross Distribution amount ourselves for tax year 2022 or did Company N give us wrong information and need to request a new 2022 Form 1099-R?
‎April 8, 2023
1:13 PM