Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
mikebohan02
New Member

1099-R. Box 7 Distribution code G. I moved money from one 401K to another 401K. Does box 7, distribution cod G show that that money went into new 401K account?

 
1 Best answer

Accepted Solutions
KenH1
New Member

1099-R. Box 7 Distribution code G. I moved money from one 401K to another 401K. Does box 7, distribution cod G show that that money went into new 401K account?

Correct, code G is for non-taxable direct rollovers.

You should still enter the 1099-R into TurboTax here:

Click Federal Taxes (top menu)

Click Wages & Income (or Income & Expenses in some versions) 

Scroll down to Retirement Plans and Social Security and click Show More (if necessary)

Click Start next to IRA, 401(k), Pension Plan Withdrawals (1099-R)

View solution in original post

1 Reply
KenH1
New Member

1099-R. Box 7 Distribution code G. I moved money from one 401K to another 401K. Does box 7, distribution cod G show that that money went into new 401K account?

Correct, code G is for non-taxable direct rollovers.

You should still enter the 1099-R into TurboTax here:

Click Federal Taxes (top menu)

Click Wages & Income (or Income & Expenses in some versions) 

Scroll down to Retirement Plans and Social Security and click Show More (if necessary)

Click Start next to IRA, 401(k), Pension Plan Withdrawals (1099-R)

View solution in original post

Privacy Settings
v