1099-r correction help

Forum|Forum|1 year ago
January 18, 2025
2 replies
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My wife received her 1099-r. It’s saying that it’s taxable even though she moved it to a Roth IRA directly. How do I get this form corrected?

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Best answer by dmertz

A direct rollover from a traditional 401(k) account, indicated by the code G, to a Roth IRA is indeed taxable. The Form 1099-R is correct, so enter it as received.

VolvoGirl

Employee

What did she move it from? Unless it was from another ROTH account then it is taxable. What code is in box 7?

Matt0223Author

I believe it states G. And it came from pension provider. I wish they advised us if that was the case

VolvoGirl

Employee

Code G is direct transfer and not taxable. It probably needed to go into a Traditional IRA not a ROTH IRA. Still need to know exactly what kind if account it came from. Like a 401K and if it was a Roth. @dmertz can you help?

dmertzAnswer

Employee

A direct rollover from a traditional 401(k) account, indicated by the code G, to a Roth IRA is indeed taxable. The Form 1099-R is correct, so enter it as received.