Why am I being taxed on inherited roth ira that was rolled over into a qualified account, entered 1099r info, box7 coded 4g and checked rolled over into an roth ira box?
Unless the Form 1099-R is erroneous, the code 4G Form 1099-R indicates that you did not inherit a Roth IRA. It indicates that the distribution that you rolled over to a Roth IRA was a distribution from a traditional account in the qualified retirement plan, not from any kind of Roth account. Such a rollover is generally taxable. The taxable amount will be shown in box 2a and any nontaxable amount will be shown in box 5.