1099-R Backdoor Roth

Question

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!

MatthewD · Answer

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.

Taz · Answer

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 · Answer

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.