1099-R Code

[msmith]

What code is used on Form 1099-R when rolling over pre-tax qualified plan assets to a Roth IRA?

I could not locate any reference in the 1099-R Instructions.

[ESOP Guy]

G

[ESOP Guy]

From the instructions:

Use Code G for a direct rollover from a qualified plan, a section 403(b) plan, or a

governmental section 457(b) plan to an eligible retirement plan (another qualified

plan, a section 403(b) plan, a governmental section 457(b) plan, or an IRA). See

Direct Rollovers

, earlier. Also use Code G for a direct payment from an IRA to an

accepting employer plan, and for IRRs that are direct rollovers.

Note.

Do not use Code G for a direct rollover from a designated Roth account to

a Roth IRA. Use Code H

[ETA Consulting LLC]

I agree. I would use code "G" in box 7 for a direct rollover and include the taxable amount in box 2(a).  

They really do a crappy job with the instructions.  This will say that it's a direct rollover (which is obvious), but cannot possibly be a pre-tax rollover since it's going to a Roth.  So, you should include the taxable amount

Good Luck!

[ESOP Guy]

I agree they should say something that  you can have a taxable amount and a code G. That is typically what hangs people up.  They have it in their head that a code G means there is no taxable amount.  It never says that but given the history of the code I see why people think that.  So it would help to say you can have a taxable amount and a G in light of that historical context. 

[msmith]

Many thanks to all that replied. Looking forward to Tuesday!