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Will a 1099 R with G (direct rollover) in box 7 be subject to taxes. It is from a 403 B to a standard IRA

 
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SamiaI
Employee Tax Expert

Will a 1099 R with G (direct rollover) in box 7 be subject to taxes. It is from a 403 B to a standard IRA

No, it will not be subject to taxes but you still have to report it on your taxes.

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1 Reply
SamiaI
Employee Tax Expert

Will a 1099 R with G (direct rollover) in box 7 be subject to taxes. It is from a 403 B to a standard IRA

No, it will not be subject to taxes but you still have to report it on your taxes.

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