I received a 1099-R with a Distribution Code of G.
Gross distribution is $5337.43
Taxable amount is $1444.54
Employee contribution $3892.89
I can only contribute $26,000 to my employer's Roth 401(k) and can clearly see from my final paycheck of 2021 that $5337.43 was in excess of the $26,000 amount.
- Where did the distribution go? I don't find evidence of any of these dollar amounts anywhere: on a future paycheck, in my company's Roth 401(k) or normal 401(k), and I didn't receive a check for it.
- How do I answer this TT question?
- Rollover of 401(k) to Roth 401(k)
- Is this 1099-R reporting a rollover of funds from a 401(k) plan to a designated Roth401(k) plan?
- I'm guessing the answer to this question is No. Is that correct?
- I had the opposite situation: I maxed out my Roth 401(k) with the $26,000 and the excess went into my 401(k)
- Is $26,000 the total amount I can contribute amongst all plans? Company 401(k), Company Roth 401(k), personal 401(k), wife's personal 401(k) (I think she can contribute her own $26,000, correct?)
- Is this the correct order to be putting away my money?
Thank you.
