I withdrew my 401k of about $5000 from one bank and transferred it into a Traditional IRA at another bank, and then I converted that into a Roth IRA. I received two different 1099-R for this process, one from each bank.
The distribution code for the first bank (box 7) is G, and the distribution code for the second bank is 2. The amount mentioned in the first bank is $5000, and the amount mentioned on the second bank is $5003. So which 1099-R do I use?
You'll need to sign in or create an account to connect with an expert.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
ZPPM
New Member
Perez Med LLC
Level 1
sarahjanep4
New Member
CA_Tax_Man
Level 2
sknayar
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.