Vlad401k Posted September 2, 2015 Posted September 2, 2015 Could someone please confirm if I'm correct in regards to this procedure of rolling Traditional 401k funds into a Roth IRA? 1) Code "G" will be used for this distribution. 2) The total distribution amount will be included as "taxable income". However, taxes don't actually have to be withheld at the time of the distribution. The taxable amount will simply be added to the participant's ordinary income for the year. 3) There will only be 1 1099-R issued. Do you agree with all 3 of these procedures?
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