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I received a 1099-R, box 7 code is G. IRA/SEP/SIMPLE has an X in it. Do I need to add this to my tax return?

 
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dmertz
Level 15

I received a 1099-R, box 7 code is G. IRA/SEP/SIMPLE has an X in it. Do I need to add this to my tax return?

Yes, this direct rollover from your IRA to your employer plan must be reported, but the $0 in box 2a means that it will be nontaxable.  The amount from box 1 will be included on Form 1040 line 4a but will be excluded from the taxable amount on line 4b.  The word ROLLOVER will appear next to line 4b.

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dmertz
Level 15

I received a 1099-R, box 7 code is G. IRA/SEP/SIMPLE has an X in it. Do I need to add this to my tax return?

Yes, this direct rollover from your IRA to your employer plan must be reported, but the $0 in box 2a means that it will be nontaxable.  The amount from box 1 will be included on Form 1040 line 4a but will be excluded from the taxable amount on line 4b.  The word ROLLOVER will appear next to line 4b.

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