1099-R Rollover - Distribution Code G - Showing a Taxable Amount

cjbaz · Feb 16, 2024 8:01:43 AM

Good day, I received a 1099-R form for with the following selected ; XXXX Gross Distribution & Taxable Amount being the same, Total Distribution Selected, and a Distribution of Code of G. This creates a large tax liability which again I feel is made in error. I placed a direct rollover to my new institution which, was made directly to them in FBO of my name. I believe a distribution code of G is a non taxable event is that correct? I have already emailed and spoke to the previous institution and they are giving me a hard time about sending a correction to the 1099-R.

1099-R Rollover - Distribution Code G - Showing a Taxable Amount

The word ''rollover'' on that line indicates that some portion (not necessarily all) of the distributions were rolled over. The total of all your distributions, rolled over or not, will go to Line 5a. Only the taxable portion of the total will show on Line 5b. @MikeM-Denver

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