What is IRS distribution code G? Referring to retirement funds

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My former employer sent me a retirement check for $4,894, that I did not contribute to. I am over 50 yoa. I immediately rolled it into an IRA. Do I have to report this income any where??

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Texas RogerAnswer

Level 15

Code G in box 7 of a 1099-R is a direct rollover to an IRA. You need to enter the 1099-R and answer all the follow up questions to make sure your are not taxed on the rollover. Normally you would not receive a check with a direct rollover but the funds would be sent directly to the financial institution where the IRA is.

To enter a 1099-R, click on Federal Taxes, Wages and Income, I'll choose what I work on.

Scroll down to Retirement Plans and Social Security and select the appropriate line.

Texas Roger

Answer

Level 15

To enter a 1099-R, click on Federal Taxes, Wages and Income, I'll choose what I work on.

Scroll down to Retirement Plans and Social Security and select the appropriate line.

SweetieJean

Alumni - Champ

"My former employer sent me a retirement check for $4,894." If you received a check, then Code G would seem to be incorrect. Did you roll to a Traditional or Roth IRA?