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hclg
New Member

received 1099-r from my old employer from my 401k. Box 7 is checked "G" a direct rollover but not the box IRA?SEP?SIMPLE. should it be if the money came from 401k?

 
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DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

received 1099-r from my old employer from my 401k. Box 7 is checked "G" a direct rollover but not the box IRA?SEP?SIMPLE. should it be if the money came from 401k?

No.  If the funds being rolled over came from a 401(k) account, the IRA/SEP/SIMPLE box should NOT be checked.

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DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

received 1099-r from my old employer from my 401k. Box 7 is checked "G" a direct rollover but not the box IRA?SEP?SIMPLE. should it be if the money came from 401k?

No.  If the funds being rolled over came from a 401(k) account, the IRA/SEP/SIMPLE box should NOT be checked.

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