1099-R

Forum|Forum|6 years ago
February 18, 2020
2 replies
13 views

Hello, my wife received a 1099-R for 2019 and box 2a is 0.00 and the box 7 is code G for a direct rollover. Box 4 is also 0.00 for fed withholding. However, it is still showing as income and our federal refund significantly decreased. Why is this? Do I need to contact her former retirement company? Please help. Thank you.

MinhT1

Level 15

After entering your form 1099-R, you have to follow the TurboTax interview to indicate (or confirm) that the money has been rollovered to another retirement plan.

TurboTax will then not subject the rollover to taxation.

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tuxedobird

Level 2

Where do I enter the the location that my 401k was rolled over to?

JamesG1

Level 15

If you have a direct rollover with a code 'G' in box 7, make sure you answer the questions on these screens correctly:

Rollover of 401(K) to Roth 401(K), and
Was this money rolled over to a Roth IRA.

You do not have to disclose where the 401K was rolled to.

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macuser_22

Alumni - Champ

Duplicate post - see your other post here:

https://ttlc.intuit.com/community/taxes/discussion/re-1099-r/01/1176545#M430631

**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.**