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Level 1
posted Apr 16, 2022 12:08:48 AM

1099-R Distribution Code G

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.

 

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1 Replies
Expert Alumni
Apr 16, 2022 4:02:03 AM

This is a distribution from your pension and has nothing to do with a contribution to your pension. If you took the money and spent it, you say that. If you rolled it over into another retirement account, you say that.

 

Your wife can make her own contributions that have nothing to do with your own.