1099R Code G with amount in 'taxable amount' box

[jasdlm]

Client rolled over her MPPP from a former employer into an IRA.  Did not roll to a ROTH.  1099R shows about 20% of the total that was rolled over as taxable.  I've never seen this before.  No distribution was taken, and there was no ROTH conversion.  I'm racking my brain and googling like mad.  I can't figure out what this taxable amount could be.  Client has no idea.  I've asked for statements, but I'm trying to figure out what it possibly could be.  The last year-end statement before the rollover simply shows the total amount invested in a lifecycle type fund.  Thanks for any ideas!  I'm feeling like I have a hitch in my brain and should be able to figure this out.

[Lee B]

Contacting the issuer of the 1099 R might be helpful

[Corduroy Frog]

Exactly 20% ??

Issuers commonly ask if tax was desired to be withheld from distributions and if there is no answer, sometimes they will default a withholding.  And a 20% withholding is very, very common.

From your post, this is not what happened.  However, it might be an accidental transformation of instructions to the issuer.

[BrewOne]

Your software may allow you to enter the numbers on the 1099-R (as you should) and then enter the taxable amount as having been rolled over.  But I'm with Lee, first see if the issuer is amenable to either fixing the 1099 or explaining it.

[mcb39]

7 hours ago, BrewOne said:

Your software may allow you to enter the numbers on the 1099-R (as you should) and then enter the taxable amount as having been rolled over.  But I'm with Lee, first see if the issuer is amenable to either fixing the 1099 or explaining it.

Good Luck with That!!!