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Employee
March 7, 2023
Question

Why did I get a 1099-R if I did not withdraw any money?

  • March 7, 2023
  • 1 reply
  • 0 views
I got another job and the 1099-R is from my previous job.

1 reply

March 7, 2023

Did you transfer a retirement plan from your old employer to your new employer?  If so, the 1099-R may have a Code G in Box 7, indicating a rollover.  This is not taxable income, just reporting. 

 

If not, please tell us what code you have in Box 7, and we'll try to help.

 

Here's more info on Form 1099-R.

 

@chorizaa