1099-R Backdoor Roth

Taz
Taz Member Posts: 2 Newcomer
in Filing my taxes

Hello,

I'm working on my tax filing and just entered my 1099-R and I'm stuck on the following question:

"Is this 1099-R a rollover from a 401(k), 403(b), or governmental 457(b) plan to a designated Roth 401(k), 403(b), or 457(b) plan?"

This rollover was an in-service rollover within the same plan from an "After Tax" Savings account my employer offers to the same employers roth 401k account. It's all within the same plan, so I didn't know if that would make the answer yes. Or because the after tax isn't technically a 401k, it would be a no?

The 1099-R is labeled at a 'G'.

Thanks!

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Answers

  • MatthewD
    MatthewD FreeTaxUSA Admin, FreeTaxUSA Agent Posts: 875 image
    Hi Taz,

    Since box 7 is code G (direct rollover to a qualified plan), you should answer, YES to that question. That way you are not taxed on the rollover.
  • Taz
    Taz Member Posts: 2 Newcomer
    https://community.freetaxusa.com/discussion/comment/6645#Comment_6645

    Just to confirm, it would still be yes, even though it never left my employer sponsored plan?

    Thanks!

  • MatthewD
    MatthewD FreeTaxUSA Admin, FreeTaxUSA Agent Posts: 875 image

    Hello Taz,

    Yes, that is right. Since it is a qualified rollover with Code G. You may want to enter the 1099-R and contact Customer Support so they can review your account. It may not make any difference if you check Yes or No to the question and continue.

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