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Old 04-05-2015, 02:59 PM
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Return of certain funds after 401k rollover

After rolling over my 401k to a traditional IRA, I received a check for $50.00 and a Form 1099-R. Out of my total 401k, $50.00 could NOT be rolled over. The form 1099-R shows a Gross Distribution: $50.00; Taxable Amount: $0.00; Box 2b: Total Distribution; Box 5: $50.00; Box 4 & 12: $0.00 (no Taxes withheld). I believe this after tax $50.00 was a fee to establish the original 401k account.
I have never contributed to a ROTH IRA.

How do I include this tax free $50.00 in my Tax Return?

Do I need to file Form 8606?

Any help would be appreciated. Thanks.



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Old 04-05-2015, 05:04 PM
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Join Date: Oct 2010
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How do I include this $50.00 1099-R in my Tax Return? ========>>>it is not taxable however, it is reported on 1040 line 16a as rollover on 16b.

Do I need to file Form 8606?
================>>>>>>>>>>>>.no; Form 8606 is not used for the year that you make a rollover from a qualified retirement plan to a traditional IRA and the rollover includes nontaxable amounts



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