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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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.
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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