Guest Amborg2 Posted December 20, 2010 Posted December 20, 2010 Looking for specific guidance on this - I would *assume* as there is no withholding, nothings *should* be reported on 945 pursuant to In Plan Roth Conversions, however one must never assume. Has anyone seen any specific reference to 945 or other reporting on a plan level related to this?
pmacduff Posted December 20, 2010 Posted December 20, 2010 Since the #945 form is specifically for withholding reporting, I'm curious as to why you think there would be any type of #945 reporting on an in plan conversion? That being said, here is a copy of the 2010 #945 instructions from the IRS website.... i9452010.pdf
Guest Kevin1 Posted December 22, 2010 Posted December 22, 2010 Looks like a 1099R from the plan and the participant files a Form 8606 with their tax return.
Beemer Posted January 20, 2011 Posted January 20, 2011 How would you show this on a 1099r? Would you use the same code as if it were a cash distribution?
Lou S. Posted January 21, 2011 Posted January 21, 2011 It is coded as a rollover - code G, but the taxable amount in box 2 is the same as the gross amount in box 1, instead of $0.00 like most rollovers. That's my understanding. Does anyone have different info?
Beemer Posted January 21, 2011 Posted January 21, 2011 Ok, thanks. That agrees with what I just found on the Sungard/Relius site, dated 12/2/10.
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