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401k to Rollover IRA

In 2021, I completed a rollover from my previous employer's 401k to a Rollover IRA. I received a 1099-R from my previous employer's 401k. In Box 2b, it states a "x" in "Total Distribution".  In Box 2a, it says "$0".  My question is this:  Since my 5498 from my receiving Rollover IRA isn't available until after April 2022, how will the IRS know to not tax me for this rollover?  Will my 1099-R from my previous employer's 401k suffice?  Or what additional information / documentation do I need to input or include in my 2021 tax filing with Turbotax to ensure that the IRS won't question this transaction or charge me in any way?  

 

I just want to avoid issues in the future if I can...

 

I really appreciate any help you can provide!

 

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2 Replies

401k to Rollover IRA

Look at the distribution code in box 7. Code G tells the IRS it is a roll over. 

401k to Rollover IRA

Yes, the 1099-R from your previous employer has all the necessary information for IRS to know that it is a rollover.

 

The code for Box 7 should be G if it is a rollover and IRS will know it was a rollover and not a distribution.  Form 5498 is an only informational tax form.

 

If there is a 0 in Box 2 indicates that taxable amount is 0.

 

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