I'm doing my daughter's taxes. What does a "G" in box 7 of a 1099-R mean.
After college, my daughter worked for three years. During those three years, she put $9200 into a retirement account (what kind of account is the subject of this question). She returned to school in 2009. Since her income in 2011 was negligible, we decided to roll that retirement money into a Roth account and pay the tax in 2011. So I'm looking at a 1099-R with a "G" in box 7. But reading the IRS web site, it may have already been in a Roth account?
Do I put this on line 15 (IRA distribution) or 16 (Pensions)? Both line 15 & 16 mention a 1099-R in the instructions. How much of this taxable? One vague sentence implies that this already was in a Roth account. Haven't the taxes already been paid on Roth accounts?
("If the direct rollover is from one designated Roth account to another designated Roth account, also enter Code G in box 7.")
To add to the mess, she was living/working in DC when she earned the money in 2008, but lived in MA for all of 2011.