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You're right, code G is not taxable. It represents a Direct Rollover to a Qualified Plan, 403(b), Governmental 457(b) plan, or an IRA.
These get reported to the IRS, even though they are not taxable. They show up on line 15a or 16a (depending on whether it's a distribution from an IRA or pension).
The important thing is that they're not showing up on 15b or 16b. If they do, they go into the calculation of your adjusted gross income, which is then taxed.
If you choose code G on the 1099-R input screen, Turbo Tax will treat them correctly as non-taxable. You may have to delete each one and enter them again, choosing G in box 7 of your 1099-R input screen.
You're right, code G is not taxable. It represents a Direct Rollover to a Qualified Plan, 403(b), Governmental 457(b) plan, or an IRA.
These get reported to the IRS, even though they are not taxable. They show up on line 15a or 16a (depending on whether it's a distribution from an IRA or pension).
The important thing is that they're not showing up on 15b or 16b. If they do, they go into the calculation of your adjusted gross income, which is then taxed.
If you choose code G on the 1099-R input screen, Turbo Tax will treat them correctly as non-taxable. You may have to delete each one and enter them again, choosing G in box 7 of your 1099-R input screen.
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