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jfmilton53
New Member

Question on 1099-R - I rolled over by 403b to a IRA with the same company in the amount of $19,000. It looks like additional income, why?

 
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agauzens
New Member

Question on 1099-R - I rolled over by 403b to a IRA with the same company in the amount of $19,000. It looks like additional income, why?

If it was a direct roll-over to a qualified IRA (meaning the money passed from one to the other without coming into your possession) 1099-R box 7 should have a distribution code (likely G).  This needs to be entered in order to be recognized as a non-taxable roll-over.  If you received the funds, then later put it into a qualified IRA you will need to seek the "Help" to guide your steps, also so this doesn't appear to be an excess contribution to an IRA.
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