1099R

[hi8eR]

In 2022, I moved funds from my 401(k) to a designated Roth 401(k).  It was an in-plan rollover (IRR).  I also paid the estimated federal taxes on this distribution in 2022 from a separate account.  I received a 1099R that listed the distribution in box 1 and $0.00 in box 2a.  In box 7 the code is "G" which says it was a direct rollover.  When I enter this information, TurboTax incorrectly tells me that I will get the federal taxes that I paid for this IRR process refunded.  How do I enter the information to reflect the correct data?  

[JohnB5677]

It seems your 1099-R was not coded properly.  Code G is Direct rollover of a distribution to a qualified plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA.

For a direct conversion to a Roth IRA when the IRA owner is under age 59½, use code 2, Early distribution, exception applies. Code 2 lets the IRS know that the individual is under age 59½ but that he or she qualifies for certain exceptions.

Roth IRA conversion

[Opus 17]

@dmertz 

Do you have 2 codes?  Sometimes there are 2 codes, a number and a letter.

I'm not actually sure "2" or "G" are correct in this situation, but I don't know what would be correct.  But I suspect the codes are wrong, or you skipped half the code. 

[dmertz]

Is any amount shown in box 5?

When TurboTax asked, did you correctly indicate that you rolled the distribution over to a Roth 401(k) or Roth 403(b)?

On an code-G Form 1099-R there can be no amount of tax withholding shown in box 4 or the state withholding boxes; tax withholding is not permitted on an IRR.

An IRR is reported with code G and no other code in box 7.

If you still are not seeing the correct amount being included on Form 1040 line 5b, try deleting the 1099-R and reentering it.