Platinum

I believe Box 10, Box 11, and IRS Notice 2010-84, Q/A-13 refers to distribution from a Roth 401k that originated from an In-Plan Roth Rollover (IRR) made within the past 5-years. Instructions for 1099-R (2024) states: Designated Roth account distributions. If you are making a distribution from a designated Roth account, enter the gross distribution in box 1, the taxable portion of the distribution in box 2a, the basis included in the distributed amount in box 5, any amount allocable to an IRR made within the previous 5 years (unless an exception to section 72(t) applies) in box 10, and the first year of the 5-tax-year period for determining qualified distributions in box 11. Also, enter the applicable code(s) in box 7. Distributions allocable to an in-plan Roth rollover (IRR). The distribution of an amount allocable to the taxable amount of an IRR, made within the 5-year period beginning with the first day of the participant’s tax year in which the rollover was made, is treated as includible in gross income for purposes of applying section 72(t) to the distribution. The total amount allocable to such an IRR is reported in box 10. See the instructions for Box 10. Amount Allocable to IRR Within 5 Years , later. An IRR is a rollover within a retirement plan to a designated Roth account in the same plan. In the case where an after-tax account balance of $30,100 is being converted to Roth as an In-plan Roth Rollover (IRR), since this a conversion and NOT distribution, my interpretation is that the following IRS Instructions for 1099-R (2024) apply: For a direct rollover of a distribution from a section 401(k) plan, a section 403(b) plan, or a governmental section 457(b) plan to a designated Roth account in the same plan, enter the amount rolled over in box 1, the taxable amount in box 2a, and any basis recovery amount in box 5. Use Code G in box 7.