Why does Premier version state that code G is incompatible with code 7 for a 403B rollover into several IRAs? Should I ignore this "error"?

kasper78 — Sat, 01 Jun 2019 21:18:58 GMT

These codes appeared in box 7 of a 1099-R.

According to the IRS instructions for Form 1099-R, codes...

dmertz — Sat, 01 Jun 2019 21:18:59 GMT

According to the IRS instructions for Form 1099-R, codes G and 7 are not permitted to be used together in the same box 7. It wouldn't make sense to do so. Code G is for a distribution that is directly rolled over to another qualified retirement account and code 7 is for a regular distribution that is not directly rolled over to another qualified retirement account, so the two codes have mutually incompatible meanings.

Perhaps you actually have a single page that is reporting two separate Forms 1099-R. Do not combine separate lines, report each as a separate Form 1099-R. Or perhaps your are confusing the box number labeling with a box-7 code.

If you really do have a single Form 1099-R with both code G and code 7 in the same box, contact the payer to obtain a correction.

topic Why does Premier version state that code G is incompatible with code 7 for a 403B rollover into several IRAs? Should I ignore this "error"? in Retirement tax questions

Why does Premier version state that code G is incompatible with code 7 for a 403B rollover into several IRAs? Should I ignore this "error"?

According to the IRS instructions for Form 1099-R, codes...