blue Posted September 25, 2006 Posted September 25, 2006 The 2006 instructions for form 1099-R states Code B (designated Roth account distribution) can be combined with codes 1, 2, 4, 8, G and L as appropriate. Does that mean if you had a distribution of an account with non-Roth 401(k) money and Roth 401(k) money being rolled to a traditional IRA and Roth IRA you would only need to completed one 1099R?
Leopurrd Posted September 25, 2006 Posted September 25, 2006 I wouldn't think so. I'm thinking that the codes it can be combined with further detail the transaction. For example, 1B would be a roth distribution in cash before age 59 1/2. Code GB (or BG?) would mean you rolled over the roth into a roth IRA. In a nutshell, it's like the normal codes, but you add the B if it's from a Roth. If anyone disagrees, I'm sure they'll post! Vicki
Kevin C Posted September 26, 2006 Posted September 26, 2006 Page R-2 of the 2006 instructions says that a separate Form 1099-R must be used to report a distribution from a designated Roth Account.
Leopurrd Posted September 26, 2006 Posted September 26, 2006 Thanks, Kevin! Blue, I just got an ASPPA ASAP regarding the 2006 instructions for the 1099-R. You may want to read over those for more info. They probably make more sense than my rambling! Vicki
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