Rollover from 401K to Roth IRA - two 1099 Rs

[afraashraf95]

I rolled over my 401k from my previous employer to a Roth IRA. I believe I took a cut from the Roth IRA institution to reduce taxes come tax time, and now I have a 1099 R from both my previous employer and from my Roth IRA institution. The distribution code from my previous employer is G whereas the one from my institution is 2. Which one do I file?

[VolvoGirl]

You have to enter both.  The 401K probably went into a traditional IRA first then they converted it to a ROTH.  The 401K 1099R Code G won't be taxable but the other one will be.

[dmertz]

The fact that you received these two Forms 1099-R suggests that you first rolled the 401(k) over to a traditional IRA and then you subsequently converted the traditional IRA to Roth, rather than directly rolling the 401(k) over to a Roth IRA.

Does the code G Form 1099-R show a nonzero amount in box 2a?

Does the code G Form 1099-R have any amount in box 5?

Does either Form 1099-R show any tax withholding in box 4?

[afraashraf951]

Sorry, for some reason I had to create a new username here to respond. 

Yes, you both are correct. I do recall we rolled over to a traditional IRA first and then converted to a Roth. 

I don't have anything in box 2a or 5 in the code G form.

Turns out I actually have two 1099-Rs from my IRA institution (for a total of 3), and one of them does have a tax withholding in box 4 and the other does not. 

So should I file all 3?

[dmertz]

Yes, you'll report all three.

For the code G Form 1099-R, answer No to each of the questions that ask if the rollover was to any kind of Roth account because this Form 1099-R is reporting a rollover to a traditional IRA.

For the code 2 Form 1099-R with the IRA/SEP/SIMPLE box marked you'll indicate that this was converted to a Roth IRA.  Presumably the entire gross amount shown on this Form 1099-R was converted.

I'm guessing that the third Form 1099-R has code 1 in box 7, the IRA/SEP/SIMPLE box marked and the same amount in boxes 2a and 4 as the gross amount in box 1, perhaps equal to 1/9 of the amount converted to Roth, indicating that 10% of the combined amount on the code 2 and code 1 Forms 1099-R was withheld for taxes.  Unless you substituted other funds to complete a Roth conversion  or rollover of this amount, this amount remains distributed and subject to tax and to a 10% early-distribution penalty.  (Assuming this to be the case, you should have declined withholding on the Roth conversion and made an estimated tax payment instead, avoiding the early distribution penalty.  Paying an early-distribution penalty to be able to do a Roth conversion is rarely the best financial choice.  If the distribution from the traditional IRA occurred on 12/27/2019 or later, as of today you are still within the 60-day window to complete a conversion or rollover of this amount.)