Question

I had a retirement plan that was a direct rollover to a qualified plan. I received a 1099-R, code "G" is in box 7. Do I need to enter this into my taxes this year?

Forum|Forum|7 years ago
June 1, 2019
1 reply
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I received the 1099-R, but the distribution rolled over to a qualified plan. Do I need to enter this into my taxes this year?

TurboTax Deluxe Online

B

BillM223

Yes, please enter the 1099-R into TurboTax.

Even though the amount rolled over is not taxable, it prints on page 1 of the 1040 (but not in the taxable income column). In this way, the IRS can see that the 1099-Rs that they received match your tax return. TurboTax will ask for the code in box 7 (the G), and the software will handle it correctly.

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