Can you have a 1099R with code G and box IRA/SEP/ checked? (It was a direct rollover to a qualified plan.) Getting a notice from TT that these are conflicting codes.

[fondren4]

I have contacted the financial company and they insist 1099R is correct.  TT says with IRA/SEP/ box marked, the code should be 1, 2 or 7...not G.  It was not a distribution as the numbers indicate.

[dmertz]

Code G with the IRA/SEP/SIMPLE box is correct for a direct rollover from a traditional IRA to the traditional account in a 401(k).

Ignore TurboTax's bogus message that suggests that this has anything to do with a Roth IRA.  Whoever programmed that didn't know what they were doing.

This rollover is indeed a distribution from the IRA, albeit a nontaxable one.

[JulieS]

Code G means that the distribution was a direct rollover from a qualified plan to another qualified plan or IRA. This implies the 1099-R is not from an IRA, but may be rolled over to an IRA. 

Leave code G in box 7, but uncheck the IRA box. This will take care of your error message and because this is not a taxable distribution it will not change your tax return. 

[dmertz]

@JulieS , the Form 1099-R is correct as is, the IRA/SEP/SIMPLE box must be left marked.  As indicated in the original question, the rollover was from an IRA to a qualified plan, not from a qualified plan.  TurboTax's message suggesting that it has something to do with a Roth account is a bug in the online version of TurboTax.