☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 7:25:37 PM

Why does code G distribution on 1099-R from 403b to an IRA cause MAGI to increase?

This increases MAGI above deductible limits ($118k) for any IRA Contribution for 2016.  On 1099-R, Box 2a is blank, 2b is blank and Total Dist has X.  Shouldn't rollover distribution be cancelled out by an equal IRA contribution as far as MAGI goes?

0 1 944
1 Best answer
Level 15
Jun 4, 2019 7:25:39 PM

Answered in the follow-up to this question:

https://ttlc.intuit.com/questions/3703935-where-do-i-enter-403-b-rollover-to-traditional-ira-options...

1 Replies
Level 15
Jun 4, 2019 7:25:39 PM

Answered in the follow-up to this question:

https://ttlc.intuit.com/questions/3703935-where-do-i-enter-403-b-rollover-to-traditional-ira-options...