Why did Vanguard send me a 1099R when I did not receive any funds from my IRA. The 1099R from Vanguard shows in Box 1 Gross Distribution all of my Funds that in my IRA
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1 Best answer
Coleen3
Intuit Alumni
Jun 4, 2019 7:20:22 PM
Did you have a custodian to custodian transfer into another retirement vehicle. If so, there should be a code G in Box 7. If not, call the issuer and have them tell you why.
5 Replies
jclarke9496sculp
New Member
Jun 4, 2019 7:19:59 PM
Thanks Coleen. There is a G in Box #7. I converted my 403B into an IRA in 2017 but withdrew no funds. Why does Turbo Tax show this as a withdrawal?
Coleen3
Intuit Alumni
Jun 4, 2019 7:20:01 PM
No. the Code G indicates that it is a rollover. You must enter the 1099 but you will not be taxed on the amount. It will appear on Line 16a but not 16b.
jclarke9496sculp
New Member
Jun 4, 2019 7:20:02 PM
Thanks again for your help!
Coleen3
Intuit Alumni
Jun 4, 2019 7:20:21 PM
You're welcome
Coleen3
Intuit Alumni
Jun 4, 2019 7:20:22 PM
Did you have a custodian to custodian transfer into another retirement vehicle. If so, there should be a code G in Box 7. If not, call the issuer and have them tell you why.