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My company changed 401k plans, I have a 1099R but no money was withdrawn, do i answer yes or no?

1099-R with 0 taxable amount
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3 Replies

My company changed 401k plans, I have a 1099R but no money was withdrawn, do i answer yes or no?

Yes or no to what question?

 

What code is in box 7?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

My company changed 401k plans, I have a 1099R but no money was withdrawn, do i answer yes or no?

That is a direct rollover.   Answer no to the two Roth questions.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

My company changed 401k plans, I have a 1099R but no money was withdrawn, do i answer yes or no?

Thank You

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