Why does 1009-R Box7 Code H trigger a taxable event?

Forum|Forum|6 years ago
January 21, 2020
1 reply
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Box7 Code H is listed on my 1099-R for a "Roth 401k to Roth IRA" rollover, but the entire amount shows up in the taxable income. When I right click to go to the source of that calculation, the popup lists the correct amount, but the number on the form is wrong. I have already submitted a ticket on this, but wanted to list it here in case anyone else encounters it, or finds something I might be missing.

TurboTax Premier Windows

macuser_22

Employee

Where do you see it as taxable income? Code H should be on the 1040 line 4a not 4b.

The summary screen shows total gross income, both taxable and not taxable.

Look on the 1040 form line 4b for the taxable amount.

**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.**

mkelly1717Author

4a and b are zero, which is correct. 4c contains '401k distribution' and 'Roth 401k rollover to roth IRA', but then 4d contains exactly 2x the 401k distribution. If I delete the rollover, then the 401k distribution changes to the correct amount.

mkelly1717Author

If I make up a number like 50k for 401k distribution, then the 1099-R summary line 26 shows correct as 50k. If I create another 1099-R for a code H rollover that's even just 1 dollar, then that line 26 doubles to 100k as soon as I enter the Code H, which is not correct. That's the problem I submitted, and tried to describe above.