Question
1099-R Coded G with Taxable Amount
Client changed jobs and had their 401k rolled into a Roth. 1099-R shows a sizable gross distribution, coded as G with a small taxable amount in box 2a. In researching it a bit, there is mention of the taxable amount having to do with the rollover into a Roth. The taxable amount is not populating the return at all. I've reviewed the 1099-R worksheet, and I am not seeing an option that would allow the taxable amount to be recognized. Has anyone experienced this? Any suggestions on what is the proper way to process this?
