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I received a 1099-G for my 401K which was rolled over into a conventional (not Roth) IRA.Do I need to enter this anywhere since there is no distribution, not taxable yet?

I can only find a place to enter 1099-R. this is a 1099-G. No distribution just from 401K to IRA. One company (Hancock) to another (Fidelity). No                              distribution to me personally, All handled by these 2 companies.
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I received a 1099-G for my 401K which was rolled over into a conventional (not Roth) IRA.Do I need to enter this anywhere since there is no distribution, not taxable yet?

Look at it again. John Hancock doesn't make these kinds of mistakes.

 It should be a 1099-R with a distribution code of G in Box 7.

https://www.irs.gov/pub/irs-pdf/f1099r.pdf

Box 7:

G—Direct rollover of a distribution to a qualified plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA.

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3 Replies
PaulaM
Employee Tax Expert

I received a 1099-G for my 401K which was rolled over into a conventional (not Roth) IRA.Do I need to enter this anywhere since there is no distribution, not taxable yet?

You should receive a 1099-R not a 1099-G for rollover. You may need to contact the fiduciary to see what's up.
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I received a 1099-G for my 401K which was rolled over into a conventional (not Roth) IRA.Do I need to enter this anywhere since there is no distribution, not taxable yet?

Look at it again. John Hancock doesn't make these kinds of mistakes.

 It should be a 1099-R with a distribution code of G in Box 7.

https://www.irs.gov/pub/irs-pdf/f1099r.pdf

Box 7:

G—Direct rollover of a distribution to a qualified plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA.

PaulaM
Employee Tax Expert

I received a 1099-G for my 401K which was rolled over into a conventional (not Roth) IRA.Do I need to enter this anywhere since there is no distribution, not taxable yet?

See Sweetie Jean's answer above. If this is your case, then you will enter the form 1099-R even though the code will make the rollover non taxable.

The IRS matches forms reported to them with the forms you report on your return.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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