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joao1
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Pension distribution, non taxable - correct?

Hi all

I received a lump sum pension distribution, with the pension account bank sending a check in the full amount directly to my personal bank.  I take it that this is a direct rollover, as subsequently, my personal bank per my instuctions, deposited the full amount for me to an existing retirement managed account. 

 

I did receive a 1099-R indicating in box 2a that the taxable amount is pre-printed <$0.00>

 

Having never done this, just wanted to make sure I did everything correctly, dotting i's and crossing t's.  

 

Thanks in advance.  

joao1

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2 Replies

Pension distribution, non taxable - correct?

What code is in box 7 on the 1099R?  And what account did you put it in?  Was it a Traditional IRA  or a ROTH IRA?  

joao1
New Member

Pension distribution, non taxable - correct?

To VolvoGirl, thanks for responding.

 

1099-R has G as code for box 7. Transfer was made into a managed retirement account which I am told is a traditional IRA type account, not a ROTH, therefore, no taxes were taken out with the transfer. 

 

joao1

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