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Rollover Roth 401k to Roth IRA

In 2024 I rolled over the balance of my Roth 401k to my Roth IRA.  I am 70, retired two years ago.  I opened my Roth IRA in 2016.  I have carefully attempted to complete the Turbo Tax 1099-R entries for this Rollover.  The 1099-R Dist. code (box 7) is G - Rollover and Employer Contributions.  TTax wants to tax this Roth 401k to Roth IRA Rollover.  This is a non-taxable event. 

 

The 1099-R does not show my contributions.  But what does that matter since the account is over 5 years old and I am over 70? 

 

Where did I make an entry mistake?

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1 Best answer

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

Rollover Roth 401k to Roth IRA

A code-G Form 1099-R reports a distribution from a traditional 401(k) account, not from a Roth 401(k) account.  A Form 1099-R reporting a distribution from a Roth 401(k) that was rolled over to a Roth IRA would have code B or code H.  Either your rollover was not from a designated Roth account in the 401(k) or the plan issued an erroneous Form 1099-R.

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

Rollover Roth 401k to Roth IRA

A code-G Form 1099-R reports a distribution from a traditional 401(k) account, not from a Roth 401(k) account.  A Form 1099-R reporting a distribution from a Roth 401(k) that was rolled over to a Roth IRA would have code B or code H.  Either your rollover was not from a designated Roth account in the 401(k) or the plan issued an erroneous Form 1099-R.

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