topic My 1099-R for a direct rollover of a tax-sheltered annuity shows code 6 in box 7 and 0 in 2A as taxable amount. Is this ok? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/my-1099-r-for-a-direct-rollover-of-a-tax-sheltered-annuity-shows-code-6-in-box-7-and-0-in-2a-as/01/712146#M68141 <P>I would think box 7 should show G for a direct rollover, but do not really care if code 6 and $0 taxable will suffice<BR /></P> Thu, 06 Jun 2019 14:18:51 GMT jvwell 2019-06-06T14:18:51Z My 1099-R for a direct rollover of a tax-sheltered annuity shows code 6 in box 7 and 0 in 2A as taxable amount. Is this ok? https://ttlc.intuit.com/community/retirement/discussion/my-1099-r-for-a-direct-rollover-of-a-tax-sheltered-annuity-shows-code-6-in-box-7-and-0-in-2a-as/01/712146#M68141 <P>I would think box 7 should show G for a direct rollover, but do not really care if code 6 and $0 taxable will suffice<BR /></P> Thu, 06 Jun 2019 14:18:51 GMT https://ttlc.intuit.com/community/retirement/discussion/my-1099-r-for-a-direct-rollover-of-a-tax-sheltered-annuity-shows-code-6-in-box-7-and-0-in-2a-as/01/712146#M68141 jvwell 2019-06-06T14:18:51Z Code 6 is correct.  Your annuity is a nonqualified annuit... https://ttlc.intuit.com/community/retirement/discussion/code-6-is-correct-your-annuity-is-a-nonqualified-annuit/01/712150#M68143 <P>Code 6 is correct.&nbsp; Your annuity is a <U>nonqualified</U> annuity and what you did was a nontaxable section 1035 exchange.&nbsp; Code G is only for direct rollovers to or from qualified retirement plans; it is never used for distributions from nonqualified accounts.<BR /></P> Thu, 06 Jun 2019 14:18:52 GMT https://ttlc.intuit.com/community/retirement/discussion/code-6-is-correct-your-annuity-is-a-nonqualified-annuit/01/712150#M68143 dmertz 2019-06-06T14:18:52Z