1099-R

Forum|Forum|6 years ago
February 18, 2020
1 reply
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macuser_22

Alumni - Champ

Do you have a question about it?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

aolfatoAuthor

Level 2

hello, for some reason my original question did not post but anyway, my wife received a 1099-r and box 2a is 0 and so is box 4. Also, box 7 is code G. However, when I'm on the federal review page, the gross distribution amount added as income therefore our federal refund decreased significantly almost to nothing. I did it twice and to no avail. I've seen similar posts but could not find a direct answer. Thank you.

macuser_22

Alumni - Champ

A code G is a trustee-to-trustee rollover an unless yiu indicated that it was rolled to a Roth account (that would be taxable) , it would be rolled to a Traditional IRA that is not taxable. It should be reported on the 1040 form line 4c with a zero (or blank) line 4d (the taxable amount) with the word ROLLOVER next to it. If not, then I suggest deleting the 1099-R and re-enter.

It will show as income on the summary screen which shows gross income, not taxable income.
The IRS requires reporting all income on a *income* tax return - taxable and not-taxable.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**