Question about 1099-R received for Roth 401K to Roth IRA rollover

Feb 03, 2015 2 Replies
1

I rolled over a few thousand dollars from the Roth 401K I had at my previous employer into my Roth IRA. I received a 1099-R last week for this transaction, but the amount in box 1 ("Gross distribution") was only $20.36. The few times I've rolled a traditional 401K to a traditional IRA box 1 has always matched the rolled-over amount, so I was surprised to see the lower amount this time around.



My question is this: should the gross distribution box 1 match the amount I rolled from my Roth 401K to my Roth IRA?



Thanks!


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D

I received notice that the 1099-R was incorrect. I should be receiving a new 1099-R and am anticipating that Box 1 will match the rollover amount.

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A

Just speculating here, but since Roth contributions are post-tax, the only interesting amount for tax authorities would be any increase in the deposits (you can withdraw the original contribution penalty-free at any time). Is there any chance that your account has only seen an appreciation of $20.36 over what you deposited?

Anoop

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