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1099-R Retirement distribution after rollover

I put in my gross distribution and the taxable amount from my 1099-R. I'll use random numbers as for illustrative purposes. I put in the amounts for box 1 and box 2A. Now obviously this is means this amount entered is considered income and since there was no withholding the amount will will be taxable. However after for some reason- and after saying the money was not rolled over to a roth ira even though Code G was used in the box- my total gross income was about $70000. If I say it was rolled over to a roth ira my total income increased to about $90000. Can someone please explain why this is happening? My distribution should not double and further increase my income. Can someone please help?


Thanks! 

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1 Reply
dmertz
Level 15

1099-R Retirement distribution after rollover

Code G in box 7 with the IRA/SEP/SIMPLE box unmarked and a nonzero amount in box 2a implies that at least some portion of the pre-tax part of the distribution that was rolled over to a Roth IRA (or to a designated Roth account in the same retirement plan as the plan from which the distribution was made).  If you indicate that the entire amount was rolled over to a Roth IRA, the entire gross distribution instead of just the amount in box 2a will be treated as taxable.

 

Did you do a split rollover of a distribution from a traditional account in an employer's qualified retirement plan to a combination of traditional and Roth IRAs or did you roll the entire amount over to a Roth IRA?

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