Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 12:41:26 PM

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

0 1 473
1 Best answer
Level 15
Jun 4, 2019 12:41:27 PM

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.

1 Replies
Level 15
Jun 4, 2019 12:41:27 PM

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.