I rolled money from 1 Roth account into a a different Roth account. This rollover is being classified as a pension or annuity distribution. This seems to be an error in classification. On the 1099R form it is classified as an "H" rollover. Why is it classifying it this way?
You'll need to sign in or create an account to connect with an expert.
Box H indicates a direct rollover of a designated Roth account distribution to a Roth IRA. Because a Designated Roth Account is an employer sponsored qualified retirement plan, it shows up on the 1040 as a pension or annuity distribution.
Box H indicates a direct rollover of a designated Roth account distribution to a Roth IRA. Because a Designated Roth Account is an employer sponsored qualified retirement plan, it shows up on the 1040 as a pension or annuity distribution.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
tsr-company
New Member
warddrennan
Level 1
kpg102
New Member
lidia-boisson
New Member
beebster
New Member