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dh222
New Member

Do I need a new 1099-r I did a 401k to roth ira rollover I received my 1099-r Box 1 $17004.94 Box 5 $1717.69 all other boxes are 0.00 Box 7 code G and 2b total dis

 
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dmertz
Level 15

Do I need a new 1099-r I did a 401k to roth ira rollover I received my 1099-r Box 1 $17004.94 Box 5 $1717.69 all other boxes are 0.00 Box 7 code G and 2b total dis

You mean Form 1099-R (not 1099-B).

The zero in box 2a indicates that this Form 1099-R is reporting a direct rollover to a traditional IRA, not to a Roth IRA.  Unless the distribution was first rolled over to a traditional IRA and the traditional IRA was later converted to a Roth IRA in a separately reportable transaction, you need to contact the 401(k) plan and request that they correct your Form 1099-R to show in box 2a a taxable amount of $15,287.25,  the difference between the $17,004.94 in box 1 and the $1717.69 in box 5.

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dmertz
Level 15

Do I need a new 1099-r I did a 401k to roth ira rollover I received my 1099-r Box 1 $17004.94 Box 5 $1717.69 all other boxes are 0.00 Box 7 code G and 2b total dis

You mean Form 1099-R (not 1099-B).

The zero in box 2a indicates that this Form 1099-R is reporting a direct rollover to a traditional IRA, not to a Roth IRA.  Unless the distribution was first rolled over to a traditional IRA and the traditional IRA was later converted to a Roth IRA in a separately reportable transaction, you need to contact the 401(k) plan and request that they correct your Form 1099-R to show in box 2a a taxable amount of $15,287.25,  the difference between the $17,004.94 in box 1 and the $1717.69 in box 5.

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