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kthaxton
New Member

When entering the code 1G in box 7 of my 1099-R (Withdrawal/Rollover of my retirement to a qualifying account) the code is not accepted. Tips?

 
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2 Replies

When entering the code 1G in box 7 of my 1099-R (Withdrawal/Rollover of my retirement to a qualifying account) the code is not accepted. Tips?

Get a corrected Form 1099-R from the payer. 

You either are rolling over the distribution showing a code G in box 7. 

Or you are receiving a distribution that is an — Early distribution, no known exception (in most cases, under age 59½) with a code 1 in box 7.

It can only be one or the other, it cannot be both.

When entering the code 1G in box 7 of my 1099-R (Withdrawal/Rollover of my retirement to a qualifying account) the code is not accepted. Tips?

Code 1 and G are not allowed - they would be reporting conflicting things.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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