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Returning Member
posted Apr 14, 2024 12:23:31 PM

401K rollover to IRA

My wife left a job and got a 1099-R form with a Gross Distribution of $4081.46.  The distribution code  was "G" (Direct rollover and rollover contribution).  They left the IRA/SEP/Simple box blank.  She also received a 5498 with a rollover contribution of $4081.46.  Turbotax asked me several times if the IRA/SEP/Simple  box was checked.  Was this a mistake on the part of the the payer and will it cause us problems when we file? 

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1 Replies
Employee Tax Expert
Apr 14, 2024 12:26:04 PM

The 1099-R is correct. For a rollover of a 401(k) account, the box IRA/SEP/Simple must be left blank.