Reporting mega backdoor roth when after tax earnings

anadi
anadi Member Posts: 2 Newcomer
in Retirement Income

In 2024, i had one after tax contribution which didnt have automatic in plan conversion. So i transferred that directly to my Roth IRA

After i enabled in plan converstion, i rolled them over to Roth IRA a few times.

Now i have received 1099-R G and 1099-R H forms
When i fill it in freetax usa it asks me if the 1099-R G were done to 401(k) or not. Given there is 1 txn which wasnt , but the rest were, im confused what to put

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Answers

  • CoryF
    CoryF FreeTaxUSA Agent Posts: 207

    Hello, Anadi.

    The Form(s) 1099-R is how financial institutions report conversions and rollovers. In this case, box 7 code G is a direct rollover trustee to trustee into an appropriate retirement account. You will need to answer some direct questions on what the account was before the rollover for proper reporting treatment.

    Box 7 code H is a rollover from one Roth account to a Roth IRA.

    You can see all of the codes in the instructions to Form 1099-R.

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