topic Re: 1099-r correction help in Retirement tax questions

1099-r correction help

Matt0223 — Sat, 18 Jan 2025 18:46:30 GMT

My wife received her 1099-r. It’s saying that it’s taxable even though she moved it to a Roth IRA directly. How do I get this form corrected?

Re: 1099-r correction help

VolvoGirl — Sat, 18 Jan 2025 19:04:13 GMT

What did she move it from? Unless it was from another ROTH account then it is taxable. What code is in box 7?

Re: 1099-r correction help

Matt0223 — Sat, 18 Jan 2025 19:41:55 GMT

I believe it states G. And it came from pension provider. I wish they advised us if that was the case

Re: 1099-r correction help

VolvoGirl — Sat, 18 Jan 2025 21:54:37 GMT

Code G is direct transfer and not taxable. It probably needed to go into a Traditional IRA not a ROTH IRA. Still need to know exactly what kind if account it came from. Like a 401K and if it was a Roth. @dmertz can you help?

Re: 1099-r correction help

dmertz — Sun, 19 Jan 2025 15:51:25 GMT

A direct rollover from a traditional 401(k) account, indicated by the code G, to a Roth IRA is indeed taxable. The Form 1099-R is correct, so enter it as received.