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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?

 
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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)

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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)

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